A "counteroffer" is a new offer that "rejects" and "voids" the original offer. This means that the original offer is no longer valid and must either be completely accepted or rejected.
These are questions that the above text answers:
1. What is a counteroffer in real estate?
2. How does a counteroffer affect the original offer?
3. What happens to the original offer when a counteroffer is made?
4. Does a counteroffer void the original offer?
5. Can the original offer still be accepted after a counteroffer is made?
6. Is it possible to reject a counteroffer?
7. What is the purpose of making a counteroffer in real estate?
8. Does a counteroffer have to be completely accepted or rejected?
9. What is the significance of a counteroffer in real estate contract negotiations?
10. How does a counteroffer impact the validity of the original offer?