Presenting
the Real Estate Purchase Contract
After you and your agent have completed writing your offer
using the REPC,
your agent will present your offer to the seller’s
agent. Once the seller has reviewed your offer, one of
three things will happen. First, the offer will be accepted
as your agent presented it to the seller(s). Second, the
seller(s) will reject the offer. Or third, the seller
will present a counteroffer to the terms that you submitted
through your agent.
Counteroffers
are common, and sometimes there are multiple counteroffers
by both you and the seller(s) in order to come to an
agreement. For example, the seller(s) may agree on the
price of your offer, and may disagree on your timing
to close and move in. Counteroffers require negotiation
and skill, allowing your agent to guide you and help
you obtain the best possible deal is important. Until
you and the seller(s) have come to agreement on all
terms and a final offer is accepted, nothing is considered
legal binding for you or the seller(s).
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