What Exactly is a Counteroffer? If you make an offer on a home, and the seller rejects your offer and suggests different terms, that’s their counteroffer.
A counteroffer typically says that the seller will accept the buyer's offer subject to additional terms and/or conditions. These terms and conditions may include the sales price, the removal of certain contingencies, the good faith deposit, the inspection period ,the closing date, among others.
Eric Slifkin, a Broker Associate, is the founder of the Slifkin Team at Keller Williams Realty. Eric and his team of experienced agents serve South Florida and the Treasure Coast, including Stuart, Port Saint Lucie, and the Palm Beaches.