Definition: In real estate, a "reoffer" is a process by which an existing property or asset is sold to another party in order to reduce its value or sell it for a lower price. This can be done through several methods such as:
1.
Property Sale
: In this method, the seller sells their property directly to a buyer who agrees to buy at a later date.
2.
Short Sale
: In this situation, the seller sells the property to a third party (often a lender