Seller'S Counteroffer To Contract Of Sale Of Real Estate - Oklahoma Real Estate Commission

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OKLAHOMA REAL ESTATE COMMISSION

SELLER’S COUNTEROFFER TO CONTRACT OF SALE OF REAL ESTATE

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

Date of Counteroffer ____________________, 20 _____.

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

if lengthy) at: _________________________________________________________________________________________________, _

_____________________________________________________________________________________________, County, Oklahoma,

which street address is ___________________________________________________________________________________________

in accordance with the terms and conditions of the Contract of Sale of Real Estate and, if included, Financing Supplemental Agreement signed

by ______________________________________________Buyer(s) and dated on _________________, 20______, attached and made a part

of the Contract of Sale of Real Estate and, if included, the Financing Supplemental Agreement 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 Supplemental Agreement which is amended or modified—please number each item.)

Contract of Sale of Real Estate: __________________________________________________________________________________

______________________________________________________________________________________________________________

Financing Supplemental Agreement:______________________________________________________________________________

______________________________________________________________________________________________________________

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

Agreement 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 Supplemental Agreement, 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

__________ ________.m.,

_______________________, _____________________________________________, 20_______, at which

(time)

(date)

(month)

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)

____________________________________________________

_________________________________________________ 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)

____________________________________________________

_________________________________________________ Buyer

(

Print or Type Buyer’s Name)

(Signature)

_____ _____ _____ (Buyer’s initials) By initializing these blanks the Buyer does not accept the foregoing counteroffer, and Buyer acknowledges

receipt of Seller’s Counteroffer and deletes, amends or modifies Seller’s Counteroffer as indicated on Page 2 of Buyer’s Counter.

NOTE: All amendments and modifications to the submitted Contract of Sale of Real Estate and, if included, Supplemental Agreement(s) and related addenda should

be set forth on this Counteroffer only. Seller should SIGN ONLY this Counteroffer, check and sign the appropriate Confirmation of Broker Relationship and receipt of

Estimate of Costs on the Contract Cover Sheet, and, if applicable, 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.

OREC SELLER’S COUNTEROFFER /BUYER’S COUNTER (11-2009)

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