n. an offer made in response to a previous offer by the other party during negotiations for a final contract. ... Example: Susan Seller offers to sell her house for $150,000, to be paid in 60 days; Bruce Buyer receives the offer and gives Seller a counter offer of $140,000, payable in 45 days.

What Does Counter offer mean?

A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original offer. This means that the original offer can no longer be accepted.

How do you write a counter offer example?

Counteroffer example letter

Thank you for offering me the Sales Associate position at Page Industries. I am extremely grateful for this opportunity and believe my 10 years of experience in manufacturing sales will make me a valuable asset to your team. I find your offer to be acceptable with a few minor changes.