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Offers and Counter-Offers
Many of the offers we present for prospective buyers aren't exactly what the sellers would like; the price may be lower than they are asking or there might be other terms that will require negotiation. What happens after the initial offer is submitted?

The seller's agent will present the offer to the sellers, along with the buyer's qualifications or details. If the sellers accept the offer, then you have a purchase agreement. If the sellers counter the offer, the next step would be initiated by the buyers. If you want to buy a particular house, your chances of getting it are greater if your offer is as close to the asking price as possible. You could save money by engaging in hard negotiations, but you run the risk of losing the home if another buyer's offer comes in or you risk offending the seller.

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