As a Seller, What Can I Do If I Don’t Agree With an Addendum on an Offer?
Answer from Ryan:
That’s a great question. You have two options: you can reject the offer completely or counter-offer. If you counter, simply cross out the terms you are uncomfortable with (or re-write them to your satisfaction), and send back to the buyer. Some “insider” information may help you here as I most often work with buyers…many times I will include (and sometimes over-include) as many contingencies and addendums as I feel appropriate to completely protect my buyers interests. Sometimes some of those contingencies or requests are overkill and we are testing the boundaries of the seller because of the type of market this is. If you have a desirable home, most buyers will end up conceding a bit as long as the deal is mutually beneficial.
Keep in mind that when you do counter, you open up the opportunity for the buyer to walk away if they choose – so you should still do everything you can to work with a buyer you have if you’ve been on the market for a while…and sometimes that does mean conceding on some items or terms that you weren’t planning on. Sometimes a bird in the hand is better than two in the bush.
Ryan Halset, Realtor