Hey listens today we're going to be talking about counter offers. Counter offers are beneficial to your buyer, but they may not be beneficial to your seller. How do you handle counter offers? Should you get your client involved in one? Let me explain how this works. You're going to definitely learn something out of this one. All right, so you just got through previewing some properties with your buyers. You went out spent the whole day previewing properties with your buyers, and eventually you found the one your buyers definitely want to make an offer on. So what do you do now as a real estate agent? You take them back to your office get them comfortable, and you give them a cup of coffee. You relax, you chit-chat about the house, and they look at you, and they say well what should we offer? It's a crucial time because they definitely want this house, and they're looking at you for guidance. So what do you do? You want to make a strong offer. You want to be the one to get them into their dream house. However, your buyers aren't willing to pay that list price. Let's assume the list price is a million bucks. The buyers have it in their head that they want to make a lower offer. They want to make an offer of 950. They want a deal. Their motivation is high, but they want a discount. How does that work now? You try to convince them and encourage them. Listen if you really want this house, give them at least less price and of course there are a lot of factors involved when making an offer. Is the economy strong? Is the real estate market strong? And if the real estate market is...
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About Real Estate Counter Offer Form
A real estate counter offer form is a legal document used in the process of negotiating the terms of a real estate transaction. It is provided by the seller or buyer in response to an initial offer made by another party involved in the transaction. When a buyer submits an offer to purchase a property, the seller has the option to accept the offer, decline it, or propose alternative terms through a counter offer form. The counter offer form outlines the changes to the original offer, such as a higher purchase price, different financing terms, or adjustments to the contingencies or closing timeline. Similarly, if the seller receives an offer that is not satisfactory, they can use a counter offer form to propose alternative terms that they are willing to accept. This form serves as a negotiation tool, allowing the parties involved to communicate their desired terms and find a middle ground that satisfies both buyer and seller. Both buyers and sellers can use a real estate counter offer form during the negotiation phase of a real estate transaction. It is typically used in residential real estate, although it may also be applicable in commercial or investment property transactions. The form helps to facilitate open communication and prompt resolution of differences in order to reach a mutually agreeable contract.
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