Renegotiating Offers in Loop

This article explains the two scenarios for renegotiating offers within the Loop system.

Scenario 1: Renegotiating Before an Offer is Accepted

1. When you receive an offer that is not acceptable (e.g., the initial offer of £475,000 is too low), you will reject the existing offer and add a new offer with the revised price.
2. Do not use the "Renegotiate" button at this stage. This button is specifically for renegotiations after an offer has already been accepted.
3. To reject the initial offer and add a new one, click "Reject and Add New."
4. The system will carry over any conditions from the original offer, allowing you to simply input the new offer price (e.g., £485,000).
5. Proceed with the same process you used when adding the initial offer.

Scenario 2: Renegotiating After an Offer is Accepted

1. If you need to renegotiate an offer that has already been accepted (e.g., due to survey findings), navigate to the "Sales Progression" section and locate the relevant active sale.
2. Go to the conditions of the sale and access the accepted offer.
3. In this instance, you will use the "Renegotiate Offer" button.
4. Clicking this button allows you to change the price of the accepted offer.
5. Enter the new agreed-upon price (e.g., if £10,000 is deducted, update the price accordingly).
6. Save the updated price. This will automatically update the sale details within the system.

Summary of Renegotiation Methods:

• Before Acceptance: Use "Reject and Add New" to record a new offer price.
• After Acceptance: Use the "Renegotiate Offer" button within the accepted offer details to adjust the price.

For any further questions or assistance, please contact the support team at support@loop.software