Why didn’t the seller send me a counteroffer?
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.
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