Yes, you should ask your attorney to review the counteroffer before you accept it. Here’s why:

Why Have Your Attorney Review the Counteroffer?

1. Legal Protection

• Understand the Terms: Real estate contracts contain complex legal language. Your attorney can help you understand the full implications of the terms in the counteroffer, ensuring you know exactly what you’re agreeing to.
• Avoid Legal Pitfalls: There may be clauses or conditions in the counteroffer that could pose legal risks. Your attorney can identify and help you navigate these issues, ensuring that your interests are protected.

2. Negotiation Advice

• Assess Fairness: Your attorney can evaluate whether the terms of the counteroffer are fair and reasonable, based on market conditions and standard practices.
• Suggest Modifications: If any terms are unfavorable or need adjustment, your attorney can advise you on how to counter with more favorable terms.

3. Contingency Clauses

• Review Contingencies: Contingencies are critical in real estate transactions (e.g., financing, inspection, or appraisal contingencies). Your attorney can ensure that these clauses are included and properly worded to protect your interests.

4. Binding Agreement

• Ensure Compliance: Once you accept a counteroffer, it becomes a legally binding contract. Your attorney can ensure that the document complies with all legal requirements and that there are no loopholes or ambiguities that could cause problems later.

5. Peace of Mind

• Confident Decision-Making: Having an attorney review the counteroffer gives you the confidence that you’re making a well-informed decision, reducing the likelihood of costly mistakes.

Conclusion

Involving your attorney before accepting a counteroffer is a prudent step that can save you from potential legal and financial complications. It ensures that the agreement you enter into is clear, fair, and aligned with your best interests.