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Answers (3)
- Leann Barrett Realtor, "EastsideSpecialist"
- Contributions:43
This is an important topic to discuss with your Realtor, they can give the best advice in the negotiating process to help you with these common real estate contract questions. Cheers!
- agentblu15
- Contributions:353
I'm assuming your question was supposed to be: "If the seller submits a counter offer, and the buyer doesn't accept, can the seller go back and accept the buyer's previous offer?"
The answer to this is: maybe.
When a counter-offer is submitted, it is legally saying that you REJECT the offer on the table and are making a new offer. So during the negotiation process, either party is free to make a NEW offer that is identical to a previous offer, but it would be just that- a NEW offer that the other party is free to reject/counter. Just because the buyer offered it once doesn't mean they are bound to accept it if the seller offers it later in the negotiations.
The answer to this is: maybe.
When a counter-offer is submitted, it is legally saying that you REJECT the offer on the table and are making a new offer. So during the negotiation process, either party is free to make a NEW offer that is identical to a previous offer, but it would be just that- a NEW offer that the other party is free to reject/counter. Just because the buyer offered it once doesn't mean they are bound to accept it if the seller offers it later in the negotiations.
Your question was cut off... why don't you call your agent?? !!!! LL
doing counter offers & the buyer doesn't accept the last offer can seller go back to buyers previou
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