What happens if a buyer withdraws a counteroffer?

When a buyer withdraws a counteroffer, the original offer remains in effect and can still be accepted by the seller. Withdrawal of the counteroffer does not automatically accept the original offer; instead, it simply reverts the negotiation back to the terms of the original offer.

Negotiations can continue regarding the original offer, as the seller still has the option to accept, reject, or make a new counteroffer based on the original proposal. This means the negotiation process isn't terminated but can carry on as the parties reassess their positions concerning the original terms. Thus, the original offer stands, and there is room for further negotiation if both parties are willing.