Under this scenario, before Seller accepts Buyer Two’s purchase offer, Seller should first withdraw the yet to be accepted Counter Offer previously conveyed to Buyer One. By way of the revised June 2021 form, clarification has been added explaining that Seller has the right to withdraw their Counter Offer before it is accepted by Buyer One. However, while the Counter Offer to Buyer One is outstanding, Seller receives a $300,000 purchase offer from Buyer Two. Desiring a higher sales price, Seller conveys a Counter Offer to Buyer One increasing the sales price to $275,000. Seller receives a $250,000 purchase offer from Buyer One. Into a contract with a different buyer, seller, tenant, or landlord.Ĭonsider the following example. Offer not yet accepted is revoked before a party originating the form enters The reason for this change is to help ensure that a Counter That the Party originating this Counter Offer may withdraw the offer to buy, Offer has been accepted in the manner described above, the Parties understand The Premises.” These lines have been changed to state “Until this Counter To someone else or either Party may withdraw the offer to buy, sell, or lease The second revision pertains to lines 23-24, whichĬurrently state, “Until this Counter Offer has been accepted in the mannerĭescribed above, the Parties understand that the Premises can be sold or leased In theĮvent that agents currently insert verbiage into the Counter Offer stating thatĪll other terms and conditions remain unchanged, that will no longer be warranted. Offer / Counter Offer(s) shall remain unchanged and deemed accepted.”Īlthough the new verbiage achieves the same result, itĮmphasizes the fact that any previous terms and conditions not modified by thisĬounter Offer shall remain unaffected and considered to be accepted. Parties accept and agree to all terms and conditions of the above Offer /Ĭounter Offer.” These lines have been changed to state “Except as modifiedīy this Counter Offer, all other terms and conditions of the above referenced The first revision pertains to lines 22 and 23, whichĬurrently state, “Except as otherwise provided in this Counter Offer, the Offer will be published evidencing two substantive changes. Lone Wolf Transactions (Transaction Desk) (Authentisign).
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