Seller'S Counteroffer - Oklahoma Real Estate Commission

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OKLAHOMA REAL ESTATE COMMISSION

This is a legally binding Contract if not understood, seek advice from an attorney

SELLER’S COUNTEROFFER

Date of Counteroffer ____________________, 20 _____.

1. COUNTEROFFER. The undersigned Seller(s) offers to sell the following described real estate, located (legal description) at:

____________________________________________________________________________________________________________,

______________________________________________________________________________________________________________________________

_____________________________________________________________________________________________, County, Oklahoma,

which property address is _________________________________________________________________________________________

in accordance with the terms and conditions of the Oklahoma Uniform Contract of Sale of Real Estate and, if included, Financing Supplement

signed by ______________________________________________Buyer(s), attached and made a part of the Oklahoma Uniform Contract of

Sale of Real Estate and, if included, the Financing Supplement are amended and modified as follows:

(Where appropriate, reference should be made by number to the specific paragraph of the Contract of Sale of Real Estate and, if included,

Financing Supplement which is amended or modified—please number each item.)

Contract of Sale of Real Estate: __________________________________________________________________________________

_____________________________________________________________________________________________________________

Financing Supplement: _________________________________________________________________________________________

_____________________________________________________________________________________________________________

2. OTHER TERMS. All the other terms and conditions of the attached Contract of Sale of Real Estate and, if included, the Financing Supplement shall

remain the same. In the event of a conflict between the terms and conditions in this Counteroffer and the terms and conditions of the attached Contract of

Sale of Real Estate and, if included, Financing Supplement, the terms and conditions of the Counteroffer shall govern.

3. The Buyer and Seller authorize their respective Brokers, if applicable, to accept delivery of acceptance of offer or counteroffer.

4. ACCEPTANCE TIME. The foregoing Counteroffer is made subject to acceptance in writing by Buyer, and the return of an executed copy

to Seller’s Broker, if applicable, on or before this date and time __________________________, 20 _______, at _______ ____.m., at which

time this counteroffer will terminate, unless withdrawn prior to acceptance or termination.

____________________________________________________

_________________________________________________ Seller

(

Print or Type Seller’s Name)

(Signature)

____________________________________________________

_________________________________________________ Seller

(

Print or Type Seller’s Name)

(Signature)

5. BUYER’S ACCEPTANCE OF COUNTEROFFER. Buyer accepts the foregoing Counteroffer and agrees to purchase the above-

described Property on terms and conditions set forth in the Counteroffer.

Accepted this date ___________________________________________________________, 20___________, at _________ ____.m.

____________________________________________________

_________________________________________________ Buyer

(

Print or Type Buyer’s Name)

(Signature)

____________________________________________________

_________________________________________________ Buyer

(

Print or Type Buyer’s Name)

(Signature)

6. BUYER’S REJECTION OR MODIFICATION OF SELLER’S COUNTEROFFER.

______

______ (Buyer’s initials) By initializing these blanks the Buyer(s): (check only one)

REJECTS foregoing counteroffer.

MODIFIES Seller’s Counteroffer is modified as indicated by the Buyer’s Counteroffer to Seller’s Counteroffer form.

NOTE: All amendments and modifications to the submitted Contract of Sale of Real Estate and, if included, supplement(s) and related addenda should be set forth

on this Counteroffer only. Seller should only sign this Counteroffer and the Acknowledgement and Confirmation of Disclosures form. If applicable, Seller should also

sign the FHA Real Estate Certification at the bottom of the FHA Financing Agreement.

This form was created by the Oklahoma Real Estate Contract Form Committee and approved by the Oklahoma Real Estate Commission.

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OREC SELLER’S COUNTEROFFER (11-2014)