Question

A prospective homebuyer submits a signed offer to buy a house with the condition that the seller pays financing points at closing. The seller disagrees, crosses out the points clause, then signs and returns the document to the buyer. At this point, assuming all other contract validity items are in order, what is the status of the offer?

Answer 1

Answer: A valid Offer.

Explanation: The offer is still intact since the seller agrees with all other contract validity items.

The seller is willing to sell the house and , whereas the financial point of closing or discount point is an optional fee someone pay during property purchase and has no big impact on the contract. Hence, as the seller stroke out the clause, the offer is still valid.