We get a lot of questions about Real Estate in Santa Clarita. This week we’re answering your question what is a counteroffer?

A: A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party.

Counter offers are generated by a home seller after a buyer has submitted an offer to purchase. Typically, counter offers will state that the seller has accepted the buyer’s offer subject to the following particulars. The following particulars can address such items as: Total consideration (generally a higher price), Increasing the size of the earnest money deposit, refusals to pay for certain reports or fees, changing service providers, altering closing or possession date, excluding personal property from the contract, and modifying contingency time frames.

If you are in the market to buyer or sell in 2017, contact us here, or at 661-373-2374. Let us help you through every step of the real estate process.