What happens to my
offer to purchase after it is drafted?
Your offer to purchase will be presented to the seller as
soon as possible after it is drafted. The seller can accept
your offer, reject your offer, or make a counter offer.
Acceptance
An accepted offer means the seller has agreed to all the
terms and conditions exactly as set forth in your offer to
purchase.
Rejection
A rejected offer means the seller did not agree with any of
the terms and conditions set forth in your offer to
purchase.
Counter offer
A counter offer means the seller agrees with some of the
terms and conditions of your offer, but not all of them.
The seller then makes a counter offer. The counter offer may
change the price, the closing date, or add or delete
conditions.
Once you have received a counter offer you have two choices.
You can accept the new terms and conditions or reject them.
If you reject them, you can choose to start the whole
process over again. |
