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Real Estate Dictionary

Real Estate Term: Counteroffer

Counteroffer - An offer made in response to an offer. For example, ,4 offers to buy B's house for $80,000 although it is listed for $85,000. B makes a counteroffer to ,4 by stating that she will sell the house to ,4 for $81,000. The $81,000 offer is a counteroffer.

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