Here’s an example of a typical offer/counter offer negotiation on a home listed for $250,000:
● The buyer initially offers $240,000 with closing in 30 days. The buyer also asks for the seller’s furniture and for the seller to pay closing costs.
● The seller counters with a price of $245,000, but does not agree to pay closing costs. However, the seller agrees to throw in the furniture. The seller also wants to close in 40 days.
● The buyer accepts the seller’s counter offer, agreeing to the price of $245,000 and to the 40-day period to close.