Specializing in:
Water Front Property
Residential Homes
Commercial Real Estate
Investment Property
Vacant Property


Carol L Paton
GRI, Associate Broker
Office: 586.843.6314
Cell: 586.665.8808
Fax: 586.726.4514
Email: carol@teampaton.com

Kevin Paton
REALTOR
®
Office: 586.843.6326
Cell: 586.292.1770
Fax: 586.726.4514
Email: kevin@teampaton.com

 
Offer and Counter-Offer
 An offer is initiated when a buyer makes an offer to a seller.  Serious offers should be in writing and signed by the buyer or the buyer's agent.  The offer will be made through the seller's broker or agent, if the seller has one, and it must be specific in its terms, stating the obligations of both parties involved in the transaction.  In addition, the offer should include a time limit for a response, usually a few days to a week.

The seller can either accept the buyer's price and preliminary terms or make changes to the original offer in the form of a counteroffer.  The counteroffer may agree to the price but not the terms, or vice versa.  After the counteroffer is made, the buyer can either agree to the seller's price and terms, make another counteroffer, or go shopping for a different home.   Remember that whether or not the deposit is refundable is a matter for negotiation in the original offer.

For more information on offer and counteroffer, contact Carol or Kevin Paton. We will be glad to help.

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Web Wizard Creations and
Team Paton.



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