What should sellers provide to a prospective buyer who they want to accept an offer only if the price is increased by $5,000?

In a situation where sellers want to negotiate the terms of an offer by increasing the price, the appropriate action is to issue a counteroffer. A counteroffer is a response to an original offer with changes to the terms, which effectively nullifies the initial offer. By proposing an increase in the price by $5,000, the sellers are not simply asking for a revision, but rather indicating that they will not accept the initial offer unless this new condition is met.

Unlike the other options, a counteroffer allows the sellers to articulate their specific terms and formally communicate their willingness to negotiate under those new conditions. This process is important in real estate transactions as it clarifies the expectations of both parties and leads to further negotiation if the buyer is willing to adjust their offer. The listing agreement primarily outlines the relationship between the seller and their broker, while a termination notice would indicate an end to negotiations, and an acceptance agreement signifies agreement to terms already set, not a proposed change.