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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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