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Video: What Is A Counter-Offer?

What Is A Counter-Offer? The video puts this in more visual terms, but basically, a seller can respond to a buyer's offer with changes - a "counter" - that improves the terms.You need to put yourself in their shoes and construct a modified offer that you think they might take that meets more of your needs. Then it's their turn - accept, reject, or construct yet another counter.It's an efficient market process, but beware: clauses and costs matter. Your broker should be closely involved in constructing a counter. Successful bargaining is best done with a win/win approach where each side…
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