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The offer:
A buyer makes an offer to purchase. With guidance from your RealtorŪ you must review the offer closely. Your agent will present to you the costs involved with his particular offer, costs do vary. The offer will most likely include an estimated close of escrow and any contingencies that will be associated with the new purchase. The close of escrow in most regions will be the day that property ownership is conveyed to the new buyer and title is recorded in the buyer's name. When reviewing the buyer's offer the seller in most cases has 3 option. 1) Seller can accept buyer's offer in it's entirety 2) Seller can reject buyer's offer. 3) Seller can make a counter offer. In most cases this means the seller accepts all elements of you offering accept for what the seller has made adjustments to in the counter offering. If the seller makes a counter offering the buyer has 3 options. 1) Accept the counter offering in it's entirety 2) Reject the counter offering: 3) Make another counter offering. This in most cases means that the buyer accepts the seller's counter offering accept for what the buyer has made mention to in the counter offering.
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