Purcellville, VA asked in Real Estate Law for Virginia

Q: Impact of a counter-offer on the original offer for Real Estate Purchase

If I make a written offer and deposit to purchase real estate in Virginia and the seller responds with a counter-offer, which I reject, is my original offer terminated? Or, can the seller revert back to my original offer? If so, am I still bound by that offer?

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1 Lawyer Answer
Paul A. Prados
Paul A. Prados
Answered
  • Fairfax, VA
  • Licensed in Virginia

A: Generally speaking an original offer is rejected by the making of a counter-offer. There can be exceptions depending on the language of the original offer. As this is likely a large expensive life changing transaction, it may be time for you to consult an attorney for a formal opinion based on a review of the documents.

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