Offers and Counter-Offers

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In these posts, we are trying to answer all clients’ questions. In this post, we will explain the definition of the Offers and Counter-Offers. Generally speaking, if you have more knowledge about Real Estate, then you can make the right decision.

Conditional offers or Offers:

If the buyer offers to purchase the property at the listed price with no conditions, the seller will almost always accept the offer, forming a legally binding agreement. Offers are almost always irrevocable for a specified time period. It is more common, however, for a buyer to make an offer to purchase the property at a price below that listed by the seller or to make a conditional offer. There are many conditions based on the property. In addition, the real estate salesperson can explain to their client, the conditions of their deal. Having a real estate salesperson would help you to add relevant conditions to your offer.

Real Estate is our job, especially commercial real estate. So, if you need our help, please reply!

Counter-offers:

In reply to a conditional offer, the seller might make a counter-offer instead of simply refusing the conditional offer. A counter-offer will usually agree with some of the conditions wanted by the prospective buyer but will exclude the rest. If the seller’s counter-offer is accepted by the buyer, the agreement becomes legally binding. In addition, Offers may go back and forth several times before a deal is finally reached.

Our team is here to help our clients step by step during their deals. This post was a simple definition of the Offers and Counter-Offers.

BABAK MEHRABI, Real Estate Salesperson

https://www.reco.on.ca/

 

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3 thoughts on “Offers and Counter-Offers”

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    1. admin says:

      Thank you for your comment! Unfortunately, we are not doing newsletters. We are trying our best to explain everything about Real Estate and educate our readers.

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