Can a seller increase the asking price of a property during negotiations?
Yes, a seller can increase or decrease the asking price during negotiations, as the asking price is merely an invitation to make an offer. During negotiations, both parties can make counteroffers, although this is not always necessary. A real estate agent might also decide to follow a different strategy. A purchase agreement is only established once the seller accepts an offer.
If the seller makes a counteroffer, the buyer can create a binding agreement by accepting it. However, if the buyer makes a counteroffer that differs from the seller’s previous offer, the seller’s previous offer becomes void. This means that during the negotiation process, the seller can raise their counteroffer and the buyer can lower their offer, even if they seem to be getting closer to an agreement. This process can be complex, but an experienced buyers agent in Amsterdam can provide valuable guidance.
