If you are searching for the meaning of Counteroffer in real estate and also a definition of Counteroffer, then this blog post is helpful for you
Definition
The rejection of an offer to buy or sell that simultaneously makes a different offer, changing the
terms in some way. For example, if a Buyer offers $160,000 for a home, and the Seller replies that
he wants $175,000, the Seller has rejected the Buyer’s offer of $160,000 and made a counteroffer
to sell at $175,000. The legal significance of a counteroffer is that it completely voids the original
offer so that if the Seller decided to sell for $160,000 the next day, the Buyer would be under no
legal obligation to pay that amount for the property.
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