What happens to my offer to purchase after it is drafted?
Your offer to purchase will be presented to the seller as soon as possible after it is drafted. The seller can accept your offer, reject your offer, or make a counter offer.
An accepted offer means the seller has agreed to all the terms and conditions exactly as set forth in your offer to purchase.
A rejected offer means the seller did not agree with any of the terms and conditions set forth in your offer to purchase.
A counter offer means the seller agrees with some of the terms and conditions of your offer, but not all of them.
The seller then makes a counter offer. The counter offer may change the price, the closing date, or add or delete conditions.
Once you have received a counter offer you have two choices. You can accept the new terms and conditions or reject them. If you reject them, you can choose to start the whole process over again.