ContractsHomebuying Glossary
Counteroffer
A seller's (or buyer's) response to an offer, proposing different terms instead of accepting outright.
In plain English
A counteroffer rejects the original offer's terms and proposes new ones — a different price, closing date, or contingencies — which the other party can then accept, reject, or counter again.
Why it matters
Negotiation is often a back-and-forth of counteroffers rather than a single accept/reject decision — expect a round or two before terms are finalized.
Where you'll run into it
Guides and tools on TheBuyingPath that cover counteroffer in context.
Related terms
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