What is a seller multiple counteroffer and how does it work? - Seller multiple counteroffers often occur in competitive seller markets or high demand neighborhoods. - In these situations, the seller receives more than one offer on their property. - Instead of countering just one offer, the seller decides to submit multiple counteroffers simultaneously. - Unlike a regular counteroffer, accepting a multiple counteroffer does not create a binding contract. - The seller still has the final choice of which offer to accept in order to form a binding agreement. - It's important to note that the terms of these multiple counteroffers do not have to be identical. - Examples of different counteroffer terms are provided. - The seller can personalize the counteroffer terms based on what each buyer has offered. - The seller's priorities may include selling for at least a certain price and closing quickly. - One example of a personalized counteroffer is given, where the seller wants a quick close due to a job transfer. - The terms of the counteroffers can vary based on what makes the most sense to the seller. - The seller may prioritize a higher sales price or a quicker close, depending on their situation.
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