I made an offer on a condo. The condo is listed at 185K and I offered 175K. I made the offer two days ago, but haven't heard from the buyer. What should I do?
2006-11-20 15:39:41 · 9 answers · asked by gailscottt 1 in Business & Finance ➔ Renting & Real Estate
Don't "blink".
What you do next depends on whether you used a realtor or not.
If you did, find a house online that's similar to what you want, and call your realtor and ask him/her to show it to you, as if you are presuming that offer is dead. Let them bring it up if it isn't.
If you didn't use a realtor, start shopping again, and when five days has expired, send the seller a letter retracting your offer, nothing more.
In any event, in ALL FUTURE OFFERS, you should make them expire in a set time. 2 days is good, unless you make the offer on a Friday, give them until Monday since they may be unavailable on weekends, or longer if the realtor informs you they aren't easily reached.
2006-11-20 15:50:29 · answer #1 · answered by open4one 7 · 1⤊ 1⤋
In your offer, there should have been an expiration date specified. If you did not specify an expiration date, the offer is basically open indefinately.
What you should do is first make contact with your agent if you have one. They sometimes can get a little more done. If you do not have an agent, contact the condo owner's agent.
This time of year, it is possible that the owner is on vacation or otherwise out of pocket. You should still press for an answer, however. There are fax machines at every Kinko's and Kinko's are like roaches... they are everywhere.
Good luck!
2006-11-20 15:44:29 · answer #2 · answered by spiralhedgewitch 2 · 0⤊ 0⤋
If you made it through a reator,..the realtor should have gotten back to you. There is a time limit on the offer.
If you made it directly...it is only courtesy they respond within 48 hours. If that is the case you can call them but they are holding out for more and that may never come in this market.
2006-11-20 15:43:35 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Did you have a realtor? He/she should have advised you to put a time limit on it. Usually 24 to 48 hours is sufficient. It is possible that the owners are out of town with the holiday. Hopefully you have a realtor that you can ask, but if not, you will have to wait. Good luck in your purchase.
2006-11-20 15:42:41 · answer #4 · answered by Carrie H 3 · 0⤊ 0⤋
If the broker is a lender or asset administration company, that's almost impossible to offend. yet inner maximum sellers can and gets indignant over promises. a minimum of you already know the prospect of the low grant, the vast majority of sellers will the two reject low promises or counter with an quite on the brink of complete cost grant. All you're able to do is learn your industry, attempt and spot what happens. And the technique to counter lower back with a decrease grant is only ridiculous, do not bypass there.
2016-10-22 11:20:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How long did you extend the offer for? Usually, there is a time frame that the offer is good for.
2006-11-20 15:42:13 · answer #6 · answered by GOPneedsarealconservative 4 · 0⤊ 0⤋
don't you mean that did you not hear from the seller?
Have your Realtor follow up. Seller does not need to respond.
2006-11-20 15:43:02 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Nothing, sit back and wait & keep looking for another place.
2006-11-20 15:41:16 · answer #8 · answered by G. M. 6 · 0⤊ 1⤋
wait. it's a buyers market. they need you more than you need them.
2006-11-20 15:41:44 · answer #9 · answered by Anonymous · 0⤊ 0⤋