When a home is for sale, a homebuyer who wants to purchase the property will submit a purchase offer to the seller. The offer is valid for a specified amount of time.
Sellers can do one of four things with the contract:
1. Accept contract as-is.
The seller agrees to the offered price and terms and signs the contract. Next step is for buyer to proceed to get closed/settled on home (arrange inspections, finalize financing, etc.).
2. Counter contract with different price, terms, conditions.
Most often, sellers ... read more