A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. It is a new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror. However, with regard to sales of goods, Article 2-207 of the Uniform Commercial Code provides: "A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon, unless acceptance is expressly made conditional on assent to the additional or different terms."
Keywords: Michigan, letter, notice to seller, accepting offer, proposing additional terms, earlier delivery date. Description: A Michigan Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date is a legal document used in real estate transactions in Michigan. This letter serves as a formal communication from the buyer to the seller, accepting their offer to purchase the property but proposing additional terms regarding the earlier delivery date. In Michigan, there may be different variations of this letter depending on the specific terms proposed by the buyer. Some common types of Michigan Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date include: 1. Early Possession Proposal: This type of letter outlines the buyer's proposal to take possession of the property earlier than the agreed-upon date stated in the original offer. The buyer may have various reasons, such as needing to move in due to personal circumstances or for renovation purposes. 2. Contingent Sale Clause Proposal: In some cases, the buyer may already have a pending sale on their current property and wants to align the timelines. This type of letter proposes that the closing of the purchase of the seller's property will only occur if the buyer successfully completes the sale of their current property by the earlier delivery date. 3. Financial Incentive Proposal: This variation of the letter proposes offering a financial incentive to the seller in exchange for agreeing to an earlier delivery date. The buyer may offer to pay an additional sum or cover some of the seller's moving expenses to encourage acceptance of the proposed terms. 4. Buyer's Escrow Account Proposal: Here, the buyer proposes opening an escrow account and depositing a specified amount to assure the seller that they will fulfill their obligations to purchase the property. This can alleviate any concerns the seller may have regarding the early delivery date. In all cases, a Michigan Letter and Notice to Seller Accepting Offer But Proposing Additional Terms — Earlier Delivery Date should include clear and concise language outlining the buyer's acceptance of the original offer while proposing the new terms related to the delivery date. Both parties should carefully review and negotiate these additional terms before signing the letter to ensure mutual agreement and understanding. It is recommended to consult with a real estate attorney or agent to ensure compliance with Michigan laws and regulations.
