Buyer Counter Form PDF Details

In the world of real estate transactions, clear communication and detailed agreements are paramount, especially when it comes to the negotiation phase between buyers and sellers. The Buyer Counter form, a critical document endorsed by the Oklahoma Real Estate Commission, serves as a structured platform for this dialogue, facilitating a back-and-forth negotiation process that is both transparent and legally binding. This document intricately outlines the terms of a counteroffer made by a seller in response to a prospective buyer's offer to purchase real estate, specifying any amendments or modifications to the initial agreement. It ensures that all parties are on the same page regarding the sale of the property located in Oklahoma, including detailed descriptions of the real estate in question, adjustments to the contract of sale, and the financing supplement, if applicable. Moreover, the form delineates the process for acceptance, rejection, or further modification of counteroffers, emphasizing the importance of written agreement by both parties and stipulating strict deadlines for response. By requiring signatures and involvement from respective brokers, the form not only upholds the integrity of the negotiation process but also anchors the transaction within a framework of formal and legal recognition. This document underscores the significance of understanding contractual obligations and encourages parties to seek legal advice if aspects of the counteroffer are unclear, encapsulating the complex dance of real estate negotiations within a comprehensive, legally binding format.

QuestionAnswer
Form NameBuyer Counter Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesabovedescribed, real estate counter offer form pdf, COUNTER, OKLAHOMA

Form Preview Example

OKLAHOMA REAL ESTATE COMMISSION

This is a legally binding Contract if not understood seek advice from an attorney

SELLER’S COUNTEROFFER AND BUYER’S COUNTER

Date of Counteroffer ____________________, 20 _____.

1. COUNTEROFFER. The undersigned Seller(s) offers to sell the following described real estate, located (legal description) at:

____________________________________________________________________________________________________________,

______________________________________________________________________________________________________________________________

_____________________________________________________________________________________________, County, Oklahoma,

which property address is _________________________________________________________________________________________

in accordance with the terms and conditions of the Oklahoma Uniform Contract of Sale of Real Estate and, if included, Financing Supplement signed by ______________________________________________Buyer(s), attached and made a part of the Oklahoma Uniform Contract of

Sale of Real Estate and, if included, the Financing Supplement are amended and modiied as follows:

(Where appropriate, reference should be made by number to the speciic paragraph of the Contract of Sale of Real Estate and, if included, Financing Supplement which is amended or modiied—please number each item.)

Contract of Sale of Real Estate: __________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

Financing Supplement:_________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

2. OTHER TERMS. All the other terms and conditions of the attached Contract of Sale of Real Estate and, if included, the Financing Supplement shall remain the same. In the event of a conlict between the terms and conditions in this Counteroffer and the terms and conditions of the attached Contract of Sale of Real Estate and, if included, Financing Supplement, the terms and conditions of the Counteroffer shall govern.

3.The Buyer and Seller authorize their respective Brokers, if applicable, to accept delivery of acceptance of offer or counteroffer.

4.ACCEPTANCE TIME. The foregoing Counteroffer is made subject to acceptance in writing by Buyer, and the return of an executed copy to Seller’s Broker, if applicable, on or before this date and time __________________________, 20 _______, at _______ ____.m., at which time this counteroffer will terminate, unless withdrawn prior to acceptance or termination.

____________________________________________________

_________________________________________________ Seller

(Print or Type Seller’s Name)

(Signature)

____________________________________________________

_________________________________________________ Seller

(Print or Type Seller’s Name)

(Signature)

5.BUYER’S ACCEPTANCE OF COUNTEROFFER. Buyer accepts the foregoing Counteroffer and agrees to purchase the above- described Property on terms and conditions set forth in the Counteroffer.

Accepted this date ___________________________________________________________, 20___________, at _________ ____.m.

____________________________________________________

_________________________________________________ Buyer

(Print or Type Buyer’s Name)

(Signature)

____________________________________________________

_________________________________________________ Buyer

(Print or Type Buyer’s Name)

(Signature)

6. BUYER’S REJECTION OR MODIFICATION OF SELLER’S COUNTEROFFER.

______

______ (Buyer’s initials) By initializing these blanks the Buyer(s): (check only one)

REJECTS foregoing counteroffer.

MODIFIES Seller’s Counteroffer as indicated by Buyer on Page 2 of this form under Buyer’s Counter.

NOTE: All amendments and modiications to the submitted Contract of Sale of Real Estate and, if included, supplement(s) and related addenda should be set forth on this Counteroffer only. Seller should SIGN ONLY this Counteroffer, check and sign the appropriate Conirmation of Broker Relationship and receipt of Estimate of Costs on the Contract Cover Sheet, and, if applicable, sign the FHA Real Estate Certiication at the bottom of the FHA Financing Agreement.

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.

OREC SELLER’S COUNTEROFFER / BUYER’S COUNTER (11-2011)

Page 1 of 2

Property Address ____________________________________________________________________________________

BUYER’S COUNTER TO SELLER’S COUNTEROFFER

Note: If this page is not illed out, then the Buyer has not countered and this page shall NOT apply and may be removed.

Date of Buyer’s Counter ____________________, 20 _____.

1.COUNTER. The undersigned Buyer(s) agrees to the Seller’s Counteroffer on Page 1 EXCEPT FOR the Buyer’s following deletions, amendments or modiications:

(Where appropriate, reference should be made by number to the speciic paragraph of the Oklahoma Uniform Contract of Sale of Real Estate, Seller’s Counteroffer and, if included, Financing Supplement which is amended or modiied—please number each item.

Contract of Sale of Real Estate: __________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

Financing Supplement:_________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

_____________________________________________________________________________________________________________

2.OTHER TERMS. All the other terms and conditions of the attached Contract of Sale of Real Estate and, if included, the Financing Supplement and Seller’s Counteroffer on Page 1 shall remain the same. In the event of a conlict between the terms and conditions in Seller’s Counteroffer and the terms and conditions of the attached Contract of Sale of Real Estate and, if included, Financing Supplement, the terms and conditions of the Buyer’s Counter shall govern.

3.The Buyer and Seller authorize their respective Brokers, if applicable, to accept delivery of acceptance of offer, counteroffer or Buyer’s counter.

4.ACCEPTANCE TIME. The foregoing Buyer’s Counter is made subject to acceptance in writing by Seller, and the return of an executed

copy to Buyer’s Broker, if applicable, on or before ______ ____.m.,

___________________, _________________________________,

(time)

(date)

(month)

20__________, at which time this counter will terminate, unless withdrawn prior to acceptance or termination.

 

____________________________________________________

_________________________________________________ Buyer

(Print or Type Buyer’s Name)

(Signature)

 

____________________________________________________

_________________________________________________ Buyer

(Print or Type Buyer’s Name)

(Signature)

 

5.SELLER’S ACCEPTANCE OF BUYER’S COUNTER. Seller accepts the foregoing Buyer’s Counter and agrees to sell the above- described Property on terms and conditions set forth in the Buyer’s Counter.

Accepted this date _______________________________________________________, 20___________, at ______________ ____.m.

____________________________________________________

_________________________________________________ Seller

(Print or Type Seller’s Name)

(Signature)

____________________________________________________

_________________________________________________ Seller

(Print or Type Seller’s Name)

(Signature)

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.

OREC SELLER’S COUNTEROFFER / BUYER’S COUNTER (11-2011)

Page 2 of 2

How to Edit Buyer Counter Form Online for Free

Making use of the online PDF tool by FormsPal, you'll be able to complete or change addenda here. To make our editor better and more convenient to work with, we continuously develop new features, with our users' feedback in mind. This is what you will want to do to start:

Step 1: Click the "Get Form" button above. It is going to open our pdf tool so that you can start filling in your form.

Step 2: As you launch the editor, you will notice the form ready to be filled in. Other than filling out various blank fields, you may also perform various other actions with the form, specifically putting on custom words, modifying the initial text, inserting illustrations or photos, affixing your signature to the PDF, and a lot more.

To be able to complete this document, be certain to enter the necessary information in each and every blank field:

1. You need to complete the addenda correctly, hence be attentive when filling out the sections containing these fields:

Completing part 1 of FORM

2. Once your current task is complete, take the next step – fill out all of these fields - Financing Supplement , OTHER TERMS All the other terms, The Buyer and Seller authorize, ACCEPTANCE TIME The foregoing, Print or Type Sellers Name, Seller, Print or Type Sellers Name, Seller, BUYERS ACCEPTANCE OF COUNTEROFFER, Accepted this date at m, Print or Type Buyers Name, Buyer, Print or Type Buyers Name, Buyer, and BUYERS REJECTION OR MODIFICATION with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling out part 2 in FORM

3. This next segment will be focused on Buyers initials By initializing, REJECTS foregoing counteroffer, MODIFIES Sellers Counteroffer as, NOTE All amendments and, This form was created by the, OREC SELLERS COUNTEROFFER BUYERS, and Page of - fill in all of these empty form fields.

Step number 3 in filling in FORM

4. Now fill out the next portion! In this case you'll get these Property Address , BUYERS COUNTER TO SELLERS, Note If this page is not illed out, COUNTER The undersigned Buyers, Where appropriate reference should, Date of Buyers Counter , Contract of Sale of Real Estate , and Financing Supplement fields to complete.

FORM conclusion process outlined (stage 4)

5. When you come close to the finalization of the file, you'll find a couple more points to undertake. Mainly, ACCEPTANCE TIME The foregoing, date, month, time, Print or Type Buyers Name, Buyer, Print or Type Buyers Name, Buyer, SELLERS ACCEPTANCE OF BUYERS, Print or Type Sellers Name, Seller, Print or Type Sellers Name, and Seller must be filled out.

Stage number 5 in filling out FORM

It's easy to make a mistake while filling out your Seller, so make sure that you reread it prior to deciding to submit it.

Step 3: Revise what you've entered into the blanks and then click on the "Done" button. Acquire your addenda when you subscribe to a free trial. Immediately get access to the pdf file in your FormsPal cabinet, along with any edits and changes conveniently kept! We do not share or sell the information that you enter whenever dealing with forms at our site.

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