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Learn what a counter offer letter is, common responses to one and which elements to include in your response to candidates. Consider writing a counter offer letter when you are not satisfied with the compensation package an employer first offers.The buyer rejected your offer and sent you a counteroffer. (i) 30 days after receiving a completed application concerning the creditor's approval of, counteroffer to, or adverse action on the application;. Timing of notice - when an application is complete. Because a counteroffer serves as a rejection, it completely voids the original offer. Thus, the original offer can no longer be accepted. If your counter offer is rejected, you usually cannot go back and accept the previous offer. The counteroffer gives the original offeror three options: accept the counteroffer, reject it, or make another offer. Such written notice shall state the county's decision to: (A) Accept the property owner's counter offer;.