Certainly there are exceptions, but in my experience, you'll submit an offer, wait a few days for a counter-offer, spend a couple days on each round of negotiating, and then hopefully reach agreement within a week.

I cannot tell you how many times I have seen a short sale counteroffer come in high and it sold at auction for 20% less.Second, if the lender countered at $119K, where was your intial offer?

They will barely come down the first time, but within a counter offer or two you will get their bottom dollar.

We presented our counter offer on a 6-plex, when another party crashed the party and offered full list price.

We low-balled it and got a counter offer but luckily we countered back and got a pretty good price at the end.

They initiated the counter offer process on the property, but the counter net is more than we feel we should go on this one. 

Right now, I currently have placed an offer on a HomePath property and going through the counter offer stage.My current goals with REI are:1.)

This might be the worst counter offer I have ever seen.

The seller will either accept it, decline it, or counter offer with another price based on your offer.6.

I have a counter-offer on the table for $205k.