A prospective buyer submits an offer to purchase a home for $256,000. the seller changes the price to $260,000, initials the change, signs the offer and sends it back to the purchaser. what has occurred here?
The answer to the question is that the seller has rejected the initial offer and has offered a counter-offer to the prospective buyer. The seller was likely unsatisfied with the initial offer and has issued a counter-offer to the purchaser.
