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Negotiations with seller
The seller has 3 options when they are presented with a purchase agreement offer. They can accept the purchase agreement with the exact terms you offered, reject the purchase agreement flat out, or they can counter offer the terms you wrote into the offer. In a counter offer situation, the seller can “counter” any terms, whether it be price, closing date, seller paid closing costs amount, etc. When the seller counter offers and sends the offer back to you, you as the buyer have the same 3 options. You can reject the counter offer and walk away from the deal. You can accept the terms that they changed or you can counter offer back. For more information on Counter Offers, click here http://www.southoftherivernews.com/real-estate-terms/how-does-a-counter-offer-work/
