In the state of Colorado, yes, the seller can cancel his counteroffer to a buyer as long as the buyer hasn't sent in the signed counteroffer, stating acceptance of the counter. You are not under contract until all parties have signed.
So with that said, when dealing in real estate transactions, it is important to know what you want in a home and be able to react quickly when an offer is on the table. People want to sell a home and if another offer comes in and you haven't sealed the deal...they can rescind their counter and move on.... more
Prices for homes and condos in Dillon peaked in 2007 at an average price just over $600,000. By the end of Q1-10 the price had dropped to $400,000, so you could say are current "discount" is 30% off peak prices. For more details on median prices and price trends you can visit my website at JoanInBreckenridgeRealEstate.com. I specialize in data driven real estate analysis and cover all of Summit County... more