Get the free Counter Offer Addendum

This document serves as a counter offer for the sale or purchase of property, detailing terms, conditions, and requirements for negotiations and acceptance.

How to fill out counter offer addendum

How to fill out counter offer addendum

1. Begin by downloading the counter offer addendum form specific to your state or jurisdiction.
2. Fill in the date at the top of the form.
3. Clearly state the property address involved in the original offer.
4. Include the names of all parties involved in the transaction.
5. Reference the original offer and indicate any changes to the terms (such as price, closing date, or contingencies).
6. Specify any new terms that you are proposing in the counter offer.
7. Provide space for signatures of all parties, ensuring to include date lines for each signature.
8. Review the form thoroughly for accuracy and completeness.
9. Distribute copies of the signed addendum to all parties involved.

Who needs counter offer addendum?

1. Sellers who receive an offer on their property but wish to negotiate specific terms.
2. Buyers who want to propose changes to the terms of an initial offer that they made.
3. Real estate agents and brokers who facilitate negotiations between buyers and sellers.
4. Parties involved in real estate transactions where initial offers require adjustments for mutual agreement.

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What is counter offer addendum?

A counter offer addendum is a document that modifies a previous offer made in a real estate transaction. It outlines changes to the original offer, including price adjustments, terms, and conditions.

Who is required to file counter offer addendum?

The party making a counter offer, typically the seller or their agent, is required to file the counter offer addendum to communicate the changes to the buyer.

How to fill out counter offer addendum?

To fill out a counter offer addendum, complete the sections specifying the original offer details, specify the changes being made, and include both parties' signatures to acknowledge acceptance.

What is the purpose of counter offer addendum?

The purpose of a counter offer addendum is to formally present changes to a real estate offer, allowing negotiations to continue until both parties reach a mutual agreement.

What information must be reported on counter offer addendum?

The counter offer addendum must report details such as the original offer date, the proposed changes (price, terms, dates), and the signatures of both parties involved in the transaction.