It is now wednesday afternoon. Should I call them and see what is going on, or wait for them to call me? It is for sale by owner, not a realtor.
2007-11-28 09:30:22 · 12 answers · asked by kann 1 in Business & Finance ➔ Renting & Real Estate
p.s. I didn't ask anyone to leave their opinion if they are going to act like idiots. I am not uneducated and I do have a realtor helping me.
2007-11-28 10:09:44 · update #1
I think I'd wait until after noon on Thursday. If they haven't responded by then, then I would call and ask why. I would think they would at least give you a counter offer by then (unless they accept your offer outright). In this market, someone trying to sell his house without an agent can't afford to ignore an offer!
2007-11-28 09:36:20 · answer #1 · answered by Kathryn 6 · 0⤊ 1⤋
Call them. there might be some reason they are not calling you and a simple conversation might smoke out exactly what you need to do to make this happen.
It could also be something as simple as they lost your phone number. If they have a better offer they will tell you that your offer was not accepted and you might get the opportunity to negotiate. try to talk to the owner instead of his agent. The agent might be holdin out to get you to offer more money.
2007-11-28 14:56:45 · answer #2 · answered by K R 2 · 0⤊ 0⤋
So, the reason the seller and you don't have Realtors representing you is because both of you know how to sell and buy real estate...
But if you do not know the answer to this very simple question, how will you do the rest of the transaction? Ask the "experts" here on Yahoo and when something goes wrong and you end up in court, you'll tell the judge: "But a guy an Yahoo told me..."
2007-11-28 10:02:25 · answer #3 · answered by REALTOR 3 · 0⤊ 3⤋
In this crappy market, where sellers practically need to lick the toes of any potential buyers??
This is a buyer's market.
In fact, this morning, I would have revoked the old offer and resubmitted one that was 5% less than the original. It would likely have gone something like this:
Me: I'm revoking that offer. I ran the numbers, and now my offer is $X [5% less]
Desperate seller: You can't do that. You already offered $[X+5%]
Me: OK, what do you want to do?
Desperate seller: Well, how about I accept your original offer?
Me: OK, but you throw in $2000 so I can replace that fuschia carpeting.
Desperate seller: Fine, done.
2007-11-28 09:55:06 · answer #4 · answered by Mr Placid 7 · 0⤊ 2⤋
A follow-up does not hurt. You can simply call and check the status of your offer that was submitted on Monday. Whatever feedback you get. Depending on their response, act accordingly. If it's meant to be, it will be and if it's not, that means their is something better ;-)
2007-11-28 09:41:41 · answer #5 · answered by Olivia 2 · 0⤊ 1⤋
If you submitted a "lowball" offer they may not respond to it at all and just let it expire tomorrow. I've done that a number of times as a seller.
2007-11-28 09:48:58 · answer #6 · answered by Bostonian In MO 7 · 1⤊ 1⤋
They are under no obligation to accept, reject, counter, or even respond to your offer. If they are interested in what you offered, you will hear from them, one way or another. They may be entertaining another offer along with yours.
2007-11-28 09:49:02 · answer #7 · answered by acermill 7 · 1⤊ 0⤋
If you have an agent, why do you ask here? Do you trust strangers here more than your agent?
Looks like you are acting like an idiot...
2007-11-28 11:03:10 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I would wait till the expiration. Then you'll know one way or the other.
2007-11-28 10:56:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I'd wait for them to call, since it's pretty close - you don't want them to think you are anxious, even if you are.
Good luck.
2007-11-28 10:17:16 · answer #10 · answered by Judy 7 · 0⤊ 0⤋