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Central Illinois Board of Realtors Reviewed and Revised November 2017Form # CIBR 110SALE CONTRACT COUNTEROFFER #___ Initiated By:Seller orBuyerProperty: ___ Seller(s): ___ Buyer(s): ___ This Counteroffer
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A sale contract counteroffer initiated is a response made by one party to a sale contract, proposing different terms or conditions than those originally presented in the offer.
Typically, the party who is responding to the initial sale contract with a counteroffer is required to file the sale contract counteroffer initiated.
To fill out a sale contract counteroffer initiated, one must provide information regarding the original offer, specify the changes being proposed, and include signatures from both parties for validation.
The purpose of a sale contract counteroffer initiated is to negotiate the terms of a sale contract, allowing both parties to come to an agreement that is mutually acceptable.
Information that must be reported includes details of the original offer, the proposed changes, the identities of the parties involved, and any deadlines or conditions that apply.
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