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Real Estate For Sale by Owner Counter Offer Form

The Where - Why - What & When

of Counter Offer Forms

Before proceeding to read about the real estate for sale by owner counter offer form, please carefully read the Disclaimer Page Here

Where to Obtain a Real Estate For Sale by Owner Counter Offer Form

Before we get into the meat and potatoes of the counter offer, it is important that you have some of the forms on hand.

The easiest and quickest way is to download all the real estate for sale by owner forms that you might require online.

After much research, I have two recommendations for blank contracts depending if you live in the USA or Canada. You can find all the information at; Legal Contracts & Forms.

Why You Use the Real Estate For Sale by Owner

Counter Offer Form

By now you may have read the information on Negotiation Skills and the other pages on Contracts and Clauses If so, you should be able to breeze through this section.

In many cases as a for sale by owner, you have already come to an agreement in principle and just need to put it in writing.

If you and the buyer have already agreed to all the terms and conditions and there is a change to be made on the original contract, the counter offer makes it all tight and legal.

The counter offer form saves writing up a whole new contract.

On occasion and if acceptable where you live, a real estate for sale by owner counter offer form may be as simple as making a small change on the original paperwork and all parties signing the change.

As an example, let's say the buyer's comes in at $273,000.00, but you have been using some of the negotiation skills on this site.

The buyer agrees to buy your house for $275,000.00, which is the value on the certified appraisal.

If that is the only change needed, a simple solution would be to cross out the $273,000.00 write in $275,000.00, everyone initial and be witnessed and march off to their respective legal counsel.

If it gets more complicated than that, you probably should use a counter.

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What Exactly is a Real Estate For Sale by Owner Counter Offer Form?

A real estate for sale by owner counter offer form is just a form used as an addendum, or to make a change to the original contract.

Everything remains the same as the original offer to purchase, with the exception(s) stated on the counter offer.

Some examples of those changes could involve;

  • Price

  • Dates and times

  • What is included in purchase price

  • A clause to be removed

When to Use a Real Estate For Sale by

Owner Counter Offer Form

You use a real estate for sale by owner real estate counter offer form, when you are not completely satisfied with the buyer's original proposal.

One big advantage of selling for sale by owner is that if you have some people skills and of course, you follow the program on this web-site :), you can sit face to face with the buyer and put everything into place.

When you are listed with a real estate agent, you have this cat and mouse game back and forth, with large chunks of time between offer and counter offer. Sometimes many hours and even days are spent, going back and forth.

When you are listed with a real estate agent, you depend so much on that agent's skills.

If you had me on your side when I was a real estate agent and you were either the seller or the buyer, you would come out a winner every time.

I knew where the weak link was. Because I was motivated by doing the absolute best for my client, instead of motivated by a commission check, I always won.

By the way, the weakest link was not usually the buyer or the seller. The weak link was almost always the other real estate agent in the transaction.

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What Should the

Real Estate For Sale by Owner Counter Offer Form Say?

The first thing you want to do as a seller when it comes to the real estate counter offer is to have a few of the official forms on hand.

The basic wording is already on the form and all you have to do is fill out the rest of the body. Where do you find these real estate for sale by owner counter offer forms? Just click on the following link. Where do You Acquire these Forms

The real estate for sale by owner counter offer form will vary greatly, depending on which country, state, province, territory, district etc. you may live in.

As much as I would like to give you the wording of a counter offer, for the reason stated above, it would be irresponsible for me to do so.

Dollars to donuts, someone, somewhere, would use the exact wording if I posted an example on this site.

  • The blank counter offer will probably include the following:

  • A reference to the original contract and the date(s)

  • The address of the property (Could be civic/legal or both)

  • The names of the Buyer(s) and Seller(s)

  • The time frame that the Buyer(s) have to accept or reject the counter offer

  • A blank body space to write in the changes from the original contract

  • Signed by the Seller(s) dated this _____ day of __________, 20___.

  • This Counter Offer is accepted by the Buyer(s) this _____ day of ___________, 20____.

  • There may also be a space for the Buyer to reject the completed counter offer form.

The important thing is to use the real estate for sale by owner counter offer form, that is generally used in your area. Let's look at a few examples that you might put on a counter offer form.

#1. The purchase price shall be two hundred and seventy-five thousand in American dollars ($275,000.00).

#2. The closing date shall be the 25th day of November 2016.

#3. The kitchen fridge and stove are not included in the purchase price.

#4. The dining room chandler is not included in the purchase price. The seller will have a new chandelier installed by a qualified electrician, before the closing date. The chandler will be of the buyer's choice and at the seller's expense. The cost of the chandler shall not exceed a price of five hundred dollars ($500.00).

Then, of course, if the real estate for sale by owner counter offer is signed and witnessed by all parties, everyone trots off to their respective lawyers for approval of the written contract and counter offer.

I keep sounding like a broken record here, but it's important;

Always include the "subject to lawyer's approval clause" in the Agreement to Purchase. If you receive an offer that does not include the clause, you can always insert in the real estate counter offer. Go here for the clause: Subject to Lawyer Approval Clause

A Word of Caution

Just because you make a counter offer, it doesn't guarantee that the buyer(s) are going to accept.

You may decide to counter offer on price and the buyer(s) reject the whole thing.

A Visitor's Comment

Mr. Cameron,

Your site has been very informative and has offered me a lot of peace of mind as I enter the FSBO world.

It is my belief that this is another area, where a for sale by owner has an advantage over a transaction handled by a real estate agent.

When you fill out a real estate for sale by owner counter offer form, you can invite the buyer to sit down with you at the kitchen table, (remember the kitchen table magic?) and put things to rest. If you need a refresher, go to Kitchen Magic

If the buyer shows some reluctance to sign, you can use some of the negotiation skills on this web-site. You may have to give a little, but still make a good transaction for all parties.

When a real estate agent is handling the counter, you may just get the paperwork back with a big rejection signature.

Now, what do you do? Yikes! If the real estate agent is really competent, this shouldn't happen....but it does.

Wrap Up

As you can see, the real estate for sale by owner counter offer form is quite easy to use. Just follow these steps.

  • Obtain the real estate for sale by owner counter offer form used in your area

  • Fill in the blanks such as names, address and dates

  • Write in the changes you want from the original contract

  • If agreed, have all parties sign and have witnessed

  • Take the offer and counter offer forms to your respective lawyers for approval

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