Term Tuesday: Counter Offer

Image via Jeroen van Oostrom

A counter offer is made in response to an original offer addressing terms that the party would like to change. For example, a higher or lower price might be requested, as well as terms regarding time such as contingency period or the close of escrow. Two parties may counter each other multiple times until mutually agreeable terms are reached, at which point a section of the document labeled "buyer/seller accepts this counter" is signed and the full offer is accepted.

When countering an offer or counter offer, the agent will check the box labeled "subject to attached counter offer."