MemberWe submitted our offer on Wednesday (worst time EVER since it’s the day before Thanksgiving/weekend!), and I’m so anxious! From the time you submitted your first offer to the time the seller accepted your offer, how long did you wait?
MemberLike two hours? My home was part of an estate sale and it had been on the market for over a year, so I totally lowballed them and to my surprise, they immediately accepted my offer!
MemberI think it took a little over a week. That because we were going back and forth on the terms and whatnot, and they had another offer on the table.
I do think the Thanksgiving is going to delay their response so you might not a reply until Monday perhaps.
Member@ddavila2001: Ugh, luckily! This place has been on the market for two months or almost three months, I just want to hear! I’m so impatient.
MemberI haven’t gone through it personally… but after working in the short sale department for a mortgage company… some short sales (if you’re looking into them as well) can go on for months, close to a year.
Member@ccantics: We haven’t looked into any short sales, but that amount of time sounds like a nightmare!
MemberCouple weeks. Our sellers had an open house the weekend after we put in our offer and even tried to drag it out longer, hoping for a higher offer. PLus there was negotiating involved.
Member
MemberMy parents just accepted an offer on their house from 6 months ago (they rejected it originally and approached the buyers to see if they were still interested).
Memberless then one day, up to 48 hours for other homes we offered on, but for the one that we are hopefully closing on 12/11, it was less then 1 day!
Oh, & we also wrote into our contract that they had 48 hours to respond….I don’t know if that is just a florida thing though!
Member@ForeverAndEverAfter: What happens if they respond after 48 hours? I haven’t heard of that!
MemberMy offer said 48 hrs but they took closer to 72. And then there was the negotiation which was extra special since the seller’s agent went to Israel in the middle. So much anxiety! Good luck!
MemberTime from our realtor submitting our offer to the first response from the seller:
Deal #1- About 36 hours at $10k below asking price with cc assistance, they countered, fully ratified contract in 6 days at $5k under asking with cc assistance
Deal #2- About a week (accept), $15k under asking, no cc assistance, was a short sale that fell thru
Deal #3- About 12 hours (accept), $15 k under asking, no cc assistance, was a short sale that fell thru even though we upped our offer to full asking price, house is still for sale 6 months later for $5k less than our original offer and $21k less than our final offer. stupid bank.
Deal #4- About 7 hours (accept), offered more than asking price with no cc assistance in multiple offer situation, everything went so smoothly that I wondered if I was dreaming and we closed 36 days later
Member2 hours. I negotiated to a lower price, then she came back with a higher price (not by much though!)and I just accepted. Plus it’s a cash deal no mortgage involved!
It was either the lower price and not move in until June of next year or the higher price and move in January. So I paid what she wanted.
Member@redheadem: after 48 hours we are free from the contract…
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