A counter offer is a response to an initial offer made during a negotiation process. It typically involves the buyer proposing different terms or a different price for a property than what was initially offered. The seller can then choose to accept the counter offer, make another counter offer, or reject it outright.

When making a offer, it’s important to keep the negotiations respectful and professional. Be clear about what terms you are willing to accept and what terms you are not. Consider the other party’s perspective and be open to compromise.

If a buyer makes an offer lower than your asking price, you have the option to make a counter offer. This should be done in writing and include all the terms of the new offer, including the new price, financing options, and how long the offer is valid for. Be clear and specific about any owner financing terms, including interest rates and repayment terms. The offer should have space for the buyer to sign and accept the new terms. Once accepted, a new legally binding contract is created.

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