2007-07-18 22:00:08 · 8 answers · asked by krs_nrs 2 in Business & Finance ➔ Renting & Real Estate
Yes. A Counteroffer rejects the previous offer.
2007-07-18 22:20:39 · answer #1 · answered by open4one 7 · 0⤊ 0⤋
Yes you can. Technically, there is no such thing as a counter-offer. It's just called that in the industy, but when the seller counters, it's actually a brand new contract.
Your Realtor should be advising you of all of this, and I would highly recommend getting one if you are an unseasoned home buyer. Remember that the seller's Realtor does not represent your interests, and anything you tell the seller's representative can be communicated to the sellers.
I wish you luck!
2007-07-18 22:55:38 · answer #2 · answered by Expert8675309 7 · 0⤊ 0⤋
We don't know where you are...however, in most parts of the country, the market is soft...but may not be as soft as you thought...or the seller has taken all the discounts he/she feels necessary. If you really want the house, counter back at the same or with some leeway...If you don't want it...let the counter expire and there are no repercussions. Talk to your agent and ask for comparables....what have similar homes in the market sold for...that will let you know if the seller's price (if price is the issue) is in line with the market...good luck !
2007-07-19 00:50:02 · answer #3 · answered by Sally KH 1 · 0⤊ 0⤋
Did the seller counter offer or accept your offer?
Either way, you can walk away without legal repercussions, provided no contract was signed between the two of you tranferring the house from one party to the other.
2007-07-18 22:11:06 · answer #4 · answered by The Walking Dead 3 · 0⤊ 1⤋
Once the seller submitted their offer, your offer was null and void. You can walk away at this point.
Mary is correct, although it is semantics, the "counter-offer" is basically a new contract. You are no obligated to your offer or the sellers counter-offer.
2007-07-19 05:25:35 · answer #5 · answered by godged 7 · 0⤊ 0⤋
Once the seller counter offered, the offer you made became null and void.
As such, you can walk away with no reprecussions, but do double check with an attorney just to be sure because we're all technically playing attorney here...
2007-07-18 22:16:49 · answer #6 · answered by G 2 · 0⤊ 1⤋
Yes.
2007-07-18 22:07:33 · answer #7 · answered by Anonymous · 0⤊ 0⤋
sure.
2007-07-18 22:04:42 · answer #8 · answered by The Instigator 5 · 0⤊ 0⤋