2007-07-30 11:56:01 · 9 answers · asked by beep2012001 1 in Business & Finance ➔ Renting & Real Estate
well we made a very good offer, only 2,000 less than asking. Also we can close in about 3-4 weeks, we are not asking for any home repairs. So I think this would be a good offer, however, I believe that there is someone else interested in the home and they havent been able to aquire a prequal. I think they are waiting for there offer. Wow Im going to be pissed if my Realtor did not put a time limit in the contract.
2007-07-30 12:18:09 · update #1
They can take as long as they want. However, assuming you have put a time limit on your offer, you do not have to go along with the agreement if they try to accept after your time limit has expired. As far as rejection, they are under no obligation to reject. They can just ignore your offer.
2007-07-30 12:01:26 · answer #1 · answered by acermill 7 · 1⤊ 0⤋
Hi! As a Realtor the Seller can wait as long as they want if you have not given them asking price. They can and should tell you that they will continue to market the house for a period of time. YOU can give them your time frame and withdraw your offer if they do not agree. I have had buyers make an offer, and then up it later on because the really wanted the house. This is how the business is done. Not accepting your offer is their way of saying they did not like it. Ask your Realtor to set a time and see if they come back with a counter offer. That means you are still in the game and have a chance to get the house. This is all about monies and if you low balled, they will not response and wait for a counter offer. this is like playing poker. You ever holds out the longest wins. Most Sellers want their price, so consider the difference in what you offered and what they want. Offer you can work out a deal with early closing time and no repairs etc. to sweeten the deal. this is all the things your Realtor should know. Good luck. if you have any other questions, please ask. Marie
2007-07-30 12:11:47 · answer #2 · answered by Marie D 5 · 0⤊ 0⤋
If you have legally submitted an offer thru a realtor or a binding contract, there's a spot in the contract to submit your offer, that says a dateline for then to response or you can also add in the addendums if you want them to come back with a counter offer.
I'm a realtor in the state of Forida, if you may need any help here let me know.
arnesenjessica@yahoo.com
Thanks and good luck!
Jessica Arnesen
2007-07-30 15:36:34 · answer #3 · answered by arnesenjessica 1 · 0⤊ 0⤋
Actually, they do not. It's always written in an offer that it has an expiration date, and the sellers do not have to respond at all if they don't want to.
Many times I have advised clients to "sit" on an offer and not respond, because we knew we had more coming in. This is for the benefit of the seller...not the buyer.
2007-07-30 12:02:03 · answer #4 · answered by Expert8675309 7 · 0⤊ 0⤋
If your Realtor did not give you a copy of your Offer, which should include the Additional Provisions where you can designate a time limit, then it's time to get p......ed.
2007-07-30 13:17:01 · answer #5 · answered by Venita Peyton 6 · 0⤊ 0⤋
if you are the first person to make and offer on a house and you offer full price does the seller have the right to
accept someone else offer after yours.
2015-12-07 06:41:52 · answer #6 · answered by mike 1 · 0⤊ 0⤋
The seller can just ignore the offer and allow it to expire. (I will assume it has an expiration date) Have your Realtor call and find out what the status is.
2007-07-30 12:59:46 · answer #7 · answered by godged 7 · 0⤊ 0⤋
Usually the time is 24 hours as stipulated on the proposal.
2007-07-30 12:03:27 · answer #8 · answered by ed 7 · 0⤊ 0⤋
a time date should have been put in the contract.
I would give them 48 hrs, and if no response go to the next house
2007-07-30 11:59:35 · answer #9 · answered by jeanniep 5 · 1⤊ 0⤋