12/21/2023 0 Comments Multi counter offer![]() TERMS: The terms and conditions of the above referenced document are accepted subject to the following: A. (If checked and initialed) MULTIPLE COUNTER OFFER: Concurrently herewith, Seller is also making a Counter Offer to another prospective buyer on terms which. a subsidiary of the California Association of REALTORS ® 525 South Virgil Avenue, Los Angeles, California 90020 Date _ This is a counter offer to the: Purchase Agreement, Other _ (“Offer”), dated _, on property known as _ (“Property”), between _ (“Buyer”) and _ (“Seller”). rejects the offer without making a counteroffer. Published and Distributed by: REAL ESTATE BUSINESS SERVICES, INC. On submission of a buyer’s offer to purchase a property listed with a broker for sale, the seller, with the assistance and advice of the seller’s agent, either: accepts the offer precisely on the terms submitted responds with a counteroffer to the terms submitted See RPI Form 180 or. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. Sellers countered our offer using a form that says at the top May not be used as a multiple counter offer. An unprepared candidate may accept a counter offer. In circumstances where an agent has received multiple offers from potential buyers, before the seller has executed a written Contract of Sale, it is recommended that the agent advise their seller client of the offers and discuss the following course of action as one method to handle a multiple offer scenario: Advise the potential buyers that. ![]() This is your chance to reveal the elephant hiding in the room to discuss and educate (and scare) the candidate about the reality of counter offers. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). 3) Reveal and talk about the elephant: For the majority of candidates, the possibility of a counter offer won’t have even crossed their minds. Each round of offer and counteroffer happens over a 24-48 hour window, adding delays to your timeline. If a seller chooses to ask for the highest, best, and final offers from multiple buyers, they won’t have to deal with the back and forth of negotiating. Form SMCO, Revised 12/18 ) SELLER MULTIPLE COUNTER OFFER (SMCO PAGE 1 OF 1) C A L I F O R N I A A S S O C I A T I O N OF REALTORS® SMCO REVISED 12/18 (PAGE 1 OF 1) Print Date © 2015, California Association of REALTORS®, Inc. The multiple counteroffer used by the California Association of Realtors includes a disclosure that puts the buyer on notice that the seller is countering more than one buyer. Most sellers would prefer to sell sooner than later.
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