What If a Seller Has a “Counter” Out On a Santa Cruz Home For Sale?
Posted by Lauren Spencer on
Waiting to hear back from a seller on an offer you made on a Santa Cruz home for sale can be nerve wracking. Since sellers aren’t obligated to respond immediately, you may spend time waiting anxiously by the phone. When your agent finally calls you, it’s with the news that the seller has a “counter” out on the property already. What does that mean? Is your offer out the window?
Not exactly. In some states, a seller is allowed to counter or respond to as many offers to buy their home as they want. If the seller has responded to a buyer’s offer with a counter-offer and then receives an offer from a second buyer that is better, the seller does not have to accept the first buyer’s offer. The seller simply takes back the counter-offer and accepts the…
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