A. Once the offer has been submitted to the Listing Broker’s agent, the seller and their agent will meet to evaluate the offer. The agent will call your lender to evaluate whether your financial situation is strong and whether your loan has a high probability of being approved. Don’t worry, your lender will not divulge any personal information about you. After reviewing your offer, the seller will either accept your offer as is, counter the offer with different terms, or reject the offer. If the seller counters your offer, you can either accept their terms or counter their counter offer. Again, the seller could choose to accept the new offer or counter again. The process will continue until either party accepts the terms or decides to not continue negotiations. If the seller rejects your offer, they feel that your offer was too low to even consider. At this point you either choose to make a more reasonable offer or suspend negotiations because you never really wanted the home to begin with.
