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Note to real estate sellers: rejection should not be in your current vocabulary

One of the items that was recently added to the California Association of Realtors purchase contract was a "rejection of offer" box at the end of the contract. The box states that, "no counter offer is being made to the buyer but it was reviewed and rejected by the seller." My guess is the intention behind this was to give assurance to the buyer that their "low" offer was at least presented. One of my fellow associates just received the aforementioned "rejection of offer" checked on one of his offers yesterday. … [Read more...]