Answer:
The correct answer is Once the counteroffer is made by the seller, the buyer's original offer becomes invalid. If the buyers accepts the offer the seller has made, the same process takes place as with a regular offer.
Explanation:
Buying a house is rarely as simple as bidding and paying for that offer. Negotiations can come and go for weeks before the seller and the buyer are satisfied.
The vehicle for this negotiation is the counter offer, a vital and complex rejection and contrary to an offer made by either party. Counter offers are typically handled between real estate agents and are time sensitive.
Selling or buying a house is more a process than a transaction, so it is important to understand the counter offers before making your first offer.
