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Occasionally, home sellers receive a “perfect” offer: The buyers agree to pay the full asking price, and aren’t placing any contingencies (requirements such as receiving a good inspection report or being approved for financing) on completing the closing. If you choose to make a counter offer, the buyer can accept the new terms and conditions, reject them outright (and look for another house), or they can decide to work with you to establish mutually agreeable terms. • All documents must be signed by all parties to the transaction. • Sellers should be notified of the existence of an offer as soon as it is signed by the buyer. More than likely, you have taken the steps to get your house in good condition for sale and worked with a REALTOR® to price it appropriately for the market. The seller declines and provides a counter offer of $190,000. Guest. The sellers chose the second highest offer, which was all cash. • Either party may withdraw or modify an offer prior to acceptance by the other party. Many buyers are prepared to pay full price but think they should open negotiations with a lower offer. Select the listing you’d like to make an offer on. TODAY RECEIVED COUNTER WITH CONTINGENCY AND $20,k INCREASE IN PRICE! ?, Real Estate, 35 replies Ripped off by real estate and seller's agent, Real Estate, 73 replies Hypothetical NJ Real Estate Scenario, Real Estate, 8 replies Dumb home seller chose wrong potential buyer, now wants to counter offer me, Real Estate, 31 replies Close. The option to reply with an offer is available to all sellers, whether you use the best offer option in your listing or not. Buyer #2’s offer is a much better offer than the counter-offer my Seller submitted to Buyer #1. If your home has been on the market for a short time, you can probably safely counter with your original price; but if your home has been on the market for 90 days or more, then you should consult with your REALTOR® and consider accepting an offer that is less than full price. The sellers chose the second highest offer, which was all cash. As a home buyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. • An agent cannot solicit listings while listed with another agency. Now you are $85,000 apart-a huge chasm. That says, a buyer who submits a “ridiculous” bid, such as one that’s $100,000 less than what the house is worth, is bound to get a counter offer, if a seller considers the offer at all, Topper says. BUYER WROTE FULL PRICE, NO CONTINGENT OFFER! Multiple offers happen by luck or by orchestration. As a buyer, you have three choices here: 1. 1) The Seller is priced to sell - IF the seller is listed at or below market value, it is likely to assume that you will have competition for the listing. If there are multiple offers, the listing agent will lay out the options for their client and then notify all buyers’ agents of the choices. The buyer can choose to: 1) accept, 2) decline, or 3) counter the seller… Some buyers may ask you to agree to make repairs after a home inspection, to buy down their mortgage by paying a point or two, to convey furniture or other items, or to contribute to their closing costs. Regardless what dollar amount you use, you are still rejecting the seller’s counter-offer. Follow these steps to send offers to buyers from Seller Hub: Under quick filters click “Send offers—eligible”. So I made an offer on an item. Pricing above fair market value to give the seller some negotiation room. Did you ask the seller(s) to pay some, or all, of your closing … A contract is a contract. It looks like Cookies are disabled in your browser. You asked for too many concessions. In this scenario you hope the negotiation is over. 3. It would be helpful to give the buyer a reason by allowing the agent to share it. The listing agent (who is the seller’s fiduciary) may advise the seller that she believes the buyer may be willing to pay more than the asking price. Counter offers are considered new offers and the process starts over with each new counter. The Full-Price Counter. I received a counter offer from the seller, but I still want it lower. A contract is a contract. Ask an agent in the location you plan on transacting business for changes or additional rules. The seller’s counteroffer is then presented to the buyer. The buyer can either accept that offer or counter again. 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