If a buyer has signed a counteroffer but then decides to make an offer on another property that is accepted, what is the status of the original counteroffer?

When a buyer signs a counteroffer but then decides to make an offer on another property that is accepted, the original counteroffer is automatically revoked. This automatic revocation occurs because the act of making a new offer demonstrates an intention to withdraw from the negotiation embodied in the counteroffer. In contract law, when a party takes definitive action that contradicts their earlier position, it typically revokes any existing offers or counteroffers.

It's important to highlight that a counteroffer signifies a rejection of the original offer, and any new offer the buyer makes clearly indicates a shift in interest away from the original negotiation. Therefore, the original counteroffer cannot be accepted because the buyer is no longer actively pursuing that agreement.

This understanding illustrates how offers and counteroffers operate within the framework of real estate transactions and how actions taken by one party can impact the status of negotiations with other parties.