Post # 1

Member
3626 posts
Sugar bee
We 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?
Post # 3

Member
499 posts
Helper bee
Like 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!
Post # 4

Member
3569 posts
Sugar bee
I 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.
Post # 5

Member
3626 posts
Sugar bee
@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.
Post # 6

Member
656 posts
Busy bee
I 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.
Post # 7

Member
3626 posts
Sugar bee
@ccantics: We haven’t looked into any short sales, but that amount of time sounds like a nightmare!
Post # 8

Member
5423 posts
Bee Keeper
Couple 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.
Post # 10

Member
4352 posts
Honey bee
My 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).
Post # 11

Member
1614 posts
Bumble bee
less 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!
Post # 12

Member
3626 posts
Sugar bee
@ForeverAndEverAfter: What happens if they respond after 48 hours? I haven’t heard of that!
Post # 13

Member
3100 posts
Sugar bee
My 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!
Post # 14

Member
7312 posts
Busy Beekeeper
- Wedding: October 2011 - Bed & Breakfast
Time 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
Post # 15

Member
5428 posts
Bee Keeper
2 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.
Post # 16

Member
1614 posts
Bumble bee
@redheadem: after 48 hours we are free from the contract…