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25 July, 23:14

A prospective buyer submits an offer to purchase a home for $256,000. the seller changes the price to $260,000, initials the change, signs the offer and sends it back to the purchaser. what has occurred here?

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  1. 25 July, 23:24
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    The answer to the question is that the seller has rejected the initial offer and has offered a counter-offer to the prospective buyer. The seller was likely unsatisfied with the initial offer and has issued a counter-offer to the purchaser.
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