Why didn’t the seller send me a counteroffer?

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07/15/2014 | Author: TAR Legal Staff

I submitted an offer to buy a house. Instead of accepting my offer or sending back a counteroffer, the seller replied with a form called Seller’s Invitation to Buyer to Submit New Offer. On it, he wrote a comment that he would view my offer more favorably if I increased my offer price. Why didn’t he just make a counteroffer?

Though often sellers will respond with a counteroffer when an offer doesn’t quite meet their approval, sometimes they will reply with the form you mentioned. The form—only for use by Texas REALTORS® and their clients—enables the seller to continue marketing the property to other buyers while you consider your next move.

You can discuss with your Texas REALTOR® whether to submit a new offer based on the comment the seller provided in the form. You may not want to wait too long, since the seller can entertain other offers in the meantime. 

Have a question about buying, selling, or leasing property in Texas? Ask us. Not all submitted questions can be answered.

Categories: Legal, Buyers, Sellers
Tags: legal, legal faq, buyers, selling, sellers, consumers, buying, negotiation


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Legal disclaimer

The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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