For Buyers
Negotiating the Offer
I will prepare an Offer
to Purchase and Contract to submit to the seller.
You should plan to
write a check for an earnest
money deposit as a show of good faith.
Read all documents
carefully before you sign them. You are committed to these terms
if the offer is accepted.
After I submit your offer to the seller’s agent, the seller
may:
- Accept the offer. If the seller accepts the offer then are
officially under-contract.
- Reject the offer. If the seller rejects the offer then you’ll
probably have to continue with your search.
- Counter-Offer. The seller may make some changes to the offer
and send it back to you. You can accept the change in terms or
you can continue with your search. Your original offer is now
void since the seller did not accept it.
- Write a Memo to Buyer Form. In some instances, a seller may
wish to ask the buyer to consider changes to the submitted
Offer to Purchase and Contract but does not want to reject
the offer
as submitted. The Memo to Buyer simply tells the buyer what
item(s) on the contract the seller would "favorably consider" if
changed. This differs from a counter-offer because the seller
has not made changes to the original offer. Unless the original
offer expires or is withdrawn, it is still alive and the seller
can still sign it and accept it.
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