When buyers receive a counteroffer but purchase another home, what is the status of the counteroffer?

The scenario of buyers receiving a counteroffer while deciding to purchase another home implies that they have chosen to move forward with a different option, effectively demonstrating their intent to not pursue the initial negotiation. When buyers opt to purchase a second home, it indicates that they are no longer interested in the property associated with the counteroffer.

In this context, the buyers are allowed to purchase another home without any obligation to respond to the counteroffer they received. Their action of buying a different property means they have effectively moved on from the negotiation regarding the first property. Therefore, they are under no obligation to respond to the counteroffer, which becomes irrelevant once the decision to purchase another home is made, making it acceptable for them to proceed with the new purchase. This illustrates the fluid nature of real estate negotiations, where a buyer's interest can change based on their current market evaluations and opportunities.