What Is A Counter Offer In The Real Estate Sector?
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Before you purchase your own place it is good to be aware how you can negotiate with the seller. In real estate sector there is s special definition called counter offer. It is common practice in the process of negotiation between the seller and buyer. Each of them is trying to achieve the best conditions of the deal that would be in his/hers favor. In the most cases the counter offer cover the price of the property and also may include chance of service providers, excluding appliances from the price, requirement for higher deposit or rejection of request for the payment of certain reports and fees.
The seller could also prepare a counter offer. It is not set a number of possible counter offers that are going back and forth between the seller and buyer. Of course at some point the both parties should agree on the terms. If that doesn’t happen there would be no deal. For example there could be five offers. The seller aim would be to sell the property for more money and respectively the buyer would try to reduce the asking price. Meanwhile they could agree weather the appliances would have warranty or not, and which exactly will be included in the sale (washer and dryer, refrigerator for instance). If the buyer submit and\ offer that is less than the asking price the seller may counter offer slightly higher price and to exclude some of the appliances.
That could repeat until the buyer agrees with the proposed offer or officially decline it. A home seller should know that if he declines an offer of a buyer that responds to his requirements he may be asked to pay the commission of the broker anyway. Once you are proud owner of a house or apartment you have to concentrate on its further maintenance. As we mentioned the professional cleaners Kingston upon Thames companies provide are choice you won’t regret.