Legally, the one nice thing about a counter offer is that it nullifies the original offer. This gives the buyer more time to consider. Even with property purchases it is often nice to get a counter offer to give the buyer more time to consider. You can always make the same offer again if you want to. Minor changes are not always considered deal breakers. To make minor items legal, terms like "time is of the essence" should be used in the original offer.
|