Does a Counteroffer Agreement Become Separate and Supersede the Purchase Agreement?
By Laura Coffey, Broker Associate
(Laura Coffey & Associates)
Does a Counteroffer Agreement Become Separate and Supersede the Purchase Agreement? I saw this question asked by a seller in the real estate advice section of Trulia and felt I should explain this process a bit better.First it's very important to understand I am licensed in California and I'm explaining how it works to our state.In terms of the question my first reaction was neither. It most cases the counter offer is "made part of" the purchase contract. When a offer is given to a seller from a buyer they review the offer and if they do not except all terms they want to counter. The counter is to say I agree with those terms of the purchase offer except these items. Usually foremost is price.Then the buyer can except those items, saying I except all those items on the purchase contrac...
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