selling property
Evaluating an offer
When you receive an offer from a prospective buyer, you can respond
in one of three ways:
Conditionally Accept
You can conditionally accept the offer as it is and remove your
property from all sources of marketing, instructing your solicitor
to commence the sale. Once the buyer is informed of your acceptance,
they instruct their solicitor to act and the property is considered
sold subject to contract.
Reject the Offer
You can reject their offer outright, which is rarely very productive,
or you can;
Make a Counter Offer
You can make a counter-offer with changes to certain conditions
such as the price, closing date or repairs, for example. The buyer
can either accept your counter-offer or make a counter-offer of
their own, to which you can make another counter-offer. This can
go on until both parties agree on the terms of the sale.
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