Negotiating-What's Involved when purchasing a Home.
By Lisa Tollis, SRES
(Royal LePage State Realty, Brokerage.)
Once your offer to purchase has been drafted, it will be presented to the seller as soon as possible. The seller can accept your offer, reject it, or make a counter offer.AcceptanceAn accepted offer means the seller has agreed to all the terms and conditions exactly as set forth in your offer to purchase.RejectionA rejected offer means the seller did not agree with any of the terms and conditions set forth in your offer to purchase.Counter offerA counter offer means the seller agrees with some of the terms and conditions of your offer, but not all of them.The seller then makes a counter offer. The counter offer may change the price, the closing date, or add or delete conditions.Once you have received a counter offer you have two choices. You can accept the new terms and conditions or re...
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