- Accept the offer as written,
- Reject the offer completely, or
- Counteroffer with modified terms.
If, as a buyer, you consider the counteroffer to be acceptable, although not perfect, think twice before rejecting it as well.
Key Point - a counteroffer or rejection takes the original offer off the table. If the other party rejects your new offer you can't just say "OK, I will go with the original" and require the offering party to go forward. They may do so but you just don't know.
Disclaimer - I am not an attorney. This should not be considered legal advice - only my opinion. If you are seeking a legal interpretation contact a qualified attorney in your area.
The goal of the negotiation process is for the parties to eventually find some point of agreement or as they say "a meeting of the minds." Most times it does happen.
At all times during the negotiation process remain calm and do not take it personally. It is a business transaction whether you are the buyer or seller!
I am a Broker Associate with Century 21 Baytree Realty in Rockledge, Florida. I am not an attorney, CPA or tax adviser. This post is presented as general information only. If you are considering buying or selling a home in Brevard County, Florida I would welcome an opportunity to discuss your needs.