A Real Estate Counteroffer: What Cumming Buyers Need to Know

A Real Estate Counteroffer: What Cumming Buyers Need to Know

If only buying a Cumming house could be as simple as walking in a store, picking up the product that you want to buy, going to the register and purchasing it. But, that’s not how it works. A Cumming real estate transaction is typically more like buying an item from a crowded marketplace in another country. There’s a lot of noise and haggling and sometimes you aren’t sure you know what’s going on.

We aren’t used to bargaining on price in the US. So, when it comes to buying a house it can be a confusing process for us.

Once you make your initial offer, the Cumming seller has three options. They can choose to accept it, reject it, or provide you with a counteroffer. The first two options are easy to understand. But here’s what you need to know about the counteroffer.

What is a counteroffer?

A counteroffer happens when the Cumming seller doesn’t agree with the terms that you submitted, but they want to continue working with you to reach a deal they can agree to. They are basically giving you back an offer with the terms that they want to see made.

Once you receive a counteroffer you have the option of accepting it, rejecting it, or giving them a counteroffer.

How many times can you go back and forth?

There is no limit as to how many times a Cumming buyer and seller can negotiate back and forth on the deal. It would be nice to think that they would accept your first offer, or at least your first counter to their counter, but that’s not always the case. They could be holding out for more money or to get the exact terms they are looking for.

This means that the counteroffer process can go back and forth until an agreement is reached, one party decides to walk away from the deal, or the seller decides to unlist the house and hold on to it.

How to reach an agreement

The good news is if the Cumming seller continues to give you counteroffers they want to work with you. That’s always better than having your offer rejected. However, if you’re getting worried that they are simply wasting your time here are a few things to try.

• Think like a seller: If you were selling the Cumming house what would your hang-ups be? Is it really worth more money than you continue to offer or is it something else?
• Find out the facts: The best way to end a stalemate is to find out from the seller’s real estate agent what they really want out of the deal. It might not have anything to do with money and it might be that they need to close fast, or that they can’t close until their next house is ready for them to move in. Find out the details you can so you can appeal to what matters most.

Counteroffers aren’t a bad thing, but they can be tricky to negotiate. Remember, not to get too caught up in the momentum so as to end up agreeing to terms that you really aren’t comfortable with.