Making an Offer on a Home


Your offer to purchase
Counter offers
Home warranties

   Glossary

Counter Offers

After you make an offer on a home, the seller can accept, reject, or make a counteroffer. Each of these responses may require different actions on your part. In each case, your Realtor will be the one to relay the seller's response back to you.

If the seller rejects your offer, you decide whether you can -- or want to -- make another offer on the home. The seller can also make a counteroffer. If you plan to accept it, you should review whether you need additional mortgage financing to pay the new price.

It is also likely that additional negotiation among you, your Realtor, and the seller will take place. You should take your time and carefully review the counteroffer before making any decisions on whether you will proceed with the purchase of the home or make a counteroffer of your own.

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