Parties
Full legal names and capacities of seller and buyer, including signing authority and, if applicable, corporate titles or trustee capacities.
A Property Counter Agreement records negotiated changes in clear, enforceable language, reduces ambiguity about material terms, and preserves evidence of mutual consent. Proper documentation protects deposits and obligations and supports enforceability whether signed on paper or electronically under ESIGN and state UETA rules.
Practical users and stakeholders who commonly prepare, review, or sign Property Counter Agreements include brokers, sellers, buyers, attorneys, title companies, and lenders involved in U.S. property transactions.
In more complex deals, lenders and counsel often review counter terms for financing conditions and title effects before acceptance or recording.
A listing broker prepares and submits the Property Counter Agreement on behalf of the seller, ensuring changes align with client instructions. They track acceptance deadlines, coordinate disclosures, and communicate counter terms to the buyer's agent to preserve negotiating leverage and prevent misunderstandings.
Title officers and closing agents examine counter agreements for proper signatures, acknowledgements, and any amendments affecting vesting or liens. They advise on recording requirements and escrow instructions to ensure clear title transfer and compliance with county recorder practices.
Full legal names and capacities of seller and buyer, including signing authority and, if applicable, corporate titles or trustee capacities.
Explicit listing of every modified clause — price, closing date, contingencies, included or excluded items, and prorations — with cross-references to the original contract paragraphs.
Clear acceptance window, contingency cure dates, and a revised closing date; include time zone if parties are in different jurisdictions.
The counter should state the consideration (purchase price, credits, or concessions) numerically and in words where appropriate to prevent ambiguity.
Identify permitted delivery methods, the moment of acceptance, and any notice addresses or electronic service mechanisms to bind parties.
Designated signature lines for each party with printed names, titles where needed, dates, and any required notary or witness sections for recording.
An exhibit listing exact contract clauses changed, using original paragraph references to avoid ambiguity; attach for any non-trivial modification to price, contingencies, or possession terms.
State-mandated seller disclosures regarding property condition, lead paint, or environmental hazards must be attached where required and updated to reflect any countered terms.
Detailed instructions for deposit handling, proration of taxes, and remaining closing conditions help escrow agents implement the counter agreement correctly at settlement.
When financing terms change, include a financing addendum specifying lender requirements, loan contingency timelines, and appraisal obligations to avoid misunderstandings.
Specify number of days offer remains open.
Dates for inspection contingencies and cure periods.
Deadlines for loan commitment and appraisal delivery.
Final date by which title transfers and funds consummate.
Timeframe to record deed after closing.
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