In the event of a seller's counteroffer, what happens to the original offer?

In the event of a seller's counteroffer, the original offer is effectively rejected. This means that when a counteroffer is presented, the terms of the original offer are no longer in play and are considered null and void. A counteroffer signifies that the seller is proposing different terms than those included in the initial offer, which indicates a refusal of the original terms.

This is an important concept in real estate transactions. When a party makes a counteroffer, they are starting a new negotiation process with potentially new terms, which can lead to a completely different agreement than what was initially proposed. Accepting the counteroffer means that the original offer can no longer be accepted; it is essential for buyers and sellers to understand this dynamic to avoid confusion in the negotiation process.

The other options do not accurately reflect the nature of a counteroffer. For instance, the original offer does not remain valid once a counteroffer is made, nor can it be automatically accepted or revived after being rejected—understanding this will help in navigating real estate agreements effectively.