Counteroffer
Initial offer to buy or sell answered with a revised offer. For example, a buyer offers $500,000 for a home put on the market. The owner rejects the offer but submits a counteroffer for $525,000. Offers and counteroffers are not limited to price, but comprise such matters as financing arrangements and apportionment of closing costs.
Popular Real Estate Terms
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Low level of land positioned between mountains or hills. ...
Business entity providing water services in a particular locality. ...
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part of the Department of Housing and Urban Development (HUD), which sees that complete disclosures are made for land sales. ...
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