When you receive a counter offer, review more than just the price:
A counter offer in real estate is a formal response that modifies the terms of an original bid, signaling that a party is interested but wants different conditions. This process voids the previous offer, meaning once you counter, you cannot simply go back and accept the original terms if the seller refuses. 1. Evaluate the Terms counter offer home buying
Check if the seller shortened your inspection, appraisal, or financing windows, and ensure these deadlines are still realistic. When you receive a counter offer, review more
Compare the new number against recent market data and "comps" to ensure it reflects fair market value. Evaluate the Terms Check if the seller shortened
Negotiating when you actually get the keys can be used as leverage for other concessions. 2. Strategic Response Options