what if you make an offer on a house and the listing agent comes back with a virbel counter offer how do you?

Asked by Erick Beissel, Durango, CO Sun Apr 5, 2009

know the bank is really making a counter offer

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Charlie Dres…, Agent, Steamboat Springs, CO
Thu Apr 9, 2009
Verbal counter offers or offers don’t really mean much. It may be a tact to see if you’ll move forward. They may just be looking for your reaction. That being said, depending on your location and practices, verbal offers can often lead to signed contracts and should always be considered. Continuing talks are always good practices.
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Lillian Live…, Agent, Lakewood, CO
Sun Apr 5, 2009
You don't REALLY know, you trust the professional ethics of the listing agent. Don't worry, this is standard operating procedure on bank owned negotiations. It saves lots of time and pieces of paper to make a verbal negotiation prior to making the final written contract.
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Brian Burke, Agent, Highlands Ranch, CO
Sun Apr 5, 2009
This happens alot and The listing Agent will call you or your agent and let you know what the bank came back at for the Counter. If you agree the bank will write up the entire contract. Then you will sign it.
0 votes
Cathy Elmore, Agent, Spokane, WA
Sun Apr 5, 2009
Granted the counter offer needs to be a written counter-offer for you to sign it, however some lenders do verbally counteroffer to see if it is worth continuing and putting it in writing. If you tell your buyers agent that you will agree to the banks counteroffer, then the bank will put it in writing.
Good Luck,
Cathy Elmore
John L Scott Ocean Shores, WA.
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