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SMCO
Seller Multiple Counter Offer
A counter sent to several buyers at once. Even if you sign it, the seller must sign again for it to bind.
- Comes from
- Listing agent
- Who signs
- You, then seller signs final
- When
- In multiple-offer situations
- Phase
- 2. Offer & negotiation
What to look for
- Expiration time
- That the seller's final signature is still needed
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