My offer is lower than the asking price; what usually happens next?

The ideal scenario would be that the seller accepts your offer. However, the seller has the option of countering your offer, or rejecting it. Sometimes, there is another buyer who has submitted an offer for the same property. Although the seller considers all aspects of the offer, there is no doubt the best price and terms carry the most weight. When the real estate market is active, sellers usually receive the listed price for their homes. If the real estate market is hot, several buyers may all be interested in the same home, driving the price above the listed price. Cleo can hlep you put together the best possible offer, no matter what the current real estate market.