A counteroffer is a rejection of the offer (or a previous counteroffer) to which it is a response. This is an important point for sellers to remember in this “normal” market in which we now find ourselves. Of course, it is an important point for buyers to remember as well. A recent memo from the National Association of Realtors® (NAR) legal department emphasizes the point that, when one makes a counteroffer, that constitutes a rejection of the earlier offer. What Every Real Estate Investor Needs to Know about Cash Flow... And 36 Other Key Financial Measures

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