Counter Offer to Purchase 3 - Residential: A Counter Offer is used when the Purchaser and Seller are attempting to reach an acceptable price to both parties. The Purchaser offers an amount for the property in question; the Seller then gives this counter offer which states that he/she accepts the Purchaser's offer with an exception. If the Purchaser agrees to the exception, or counter offer, then he/she must sign the document in front of a Notary Public to accept. This form is available in both Word and Rich Text formats.
Chandler Arizona Counter Offer to Purchase 3 - Residential
Category:
State:
Arizona
City:
Chandler
Control #:
AZ-SALES-8
Format:
Word;
Rich Text
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How to fill out Arizona Counter Offer To Purchase 3 - Residential?
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FAQ
A good counter offer typically ranges from 5% to 10% below the initial offer, depending on the market dynamics and property value. It's wise for sellers to analyze similar properties in Chandler, Arizona, to determine a strategic percentage for their counter offer. Taking market trends into account can facilitate a smoother negotiation process.
You can increase your asking price by enough to still get as high as your list price after paying the buyer's closing costs. If your list price is $200,000, and the buyer offers $190,000 with $6,000 toward closing, you would counter with something between $196,000 and $206,000, with $6,000 for closing costs.
?Absolutely, the seller can counter your offer above the listing price,? says David Welch, a Realtor® in Winter Park, FL. ?Whether or not the property will appraise is a different question.? That, of course, is one of the difficulties of finding the right price for a home.
Sellers can accept the ?best? offer; they can inform all potential purchasers that other offers are ?on the table?; they can ?counter? one offer while putting the other offers to the side awaiting a decision on the counter-offer; or they can ?counter? one offer and reject the others.
A seller can counter a buyer's initial offer to change the purchase price or increase the earnest money deposit.
Counteroffers typically involve things like changing the price the buyer will pay for the property or increasing the size of the earnest money deposit. The seller might also refuse to pay for certain reports or fees in a counteroffer.
The short answer is yes, it's perfectly legal (at least in Arizona) to place multiple offers on multiple properties.
?The rule I've always followed is to never go more than 25% below the listed price,? he says. ?Chances are, after fees, commission, and sentimental value, the sellers are already hurting. If you dip below that point, they may disregard your offer entirely.?
In a buyer's market, a seller may not want to counteroffer an initial offer too aggressively, or the buyer can easily move on to the next property. On the flip side, if it's a seller's market, the buyer should be very cautious with making counteroffers.
A counter offer is a new offer made in response to the initial offer in real estate. A counteroffer means the original offer was rejected and replaced with another one. The counteroffer gives the original offerer three options: accept the counteroffer, reject it, or make another offer.