My wife and I made an offer on a house that a company picked up in a forecloser. The house was reduced by 30k after being on the market for some time and so we made an offer to pay thier adjusted asking price. The house is in a great part of town. It almost seems to good to be true. The offer was made with $1000.00 earnest money and the deadline is due tomorrow by 6pm. We have yet to hear anything from the seller. There is obviously some stratedgy going on here or maybe im a bit to paranoid. But I suspect to hear something to make my stomach turn tomorrow. Does anybody have any thoughts on this?
2007-12-12 15:12:17 · 8 answers · asked by allterrainwarrior 3 in Business & Finance ➔ Renting & Real Estate
If the 'company' happens to be a lender, don't get excited. They respond to offers when THEY are ready, regardless of any sort of deadline you may have put in your offer. There is no strategy involved. They simply have a lot on their plates, and get to your offer when it comes up in front of the person handling it.
I've seen lenders take up to a month to get back on offers.
2007-12-12 15:20:01 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Could be buyers remorse. Remember you have 17 days to do your due diligence. You have that time to back out of a deal. The seller will receive the offer in writing thru there agent. This sometimes takes time. Then they look over the offer. They can counter offer your offer or except that offer. Or do nothing and this will indicate your offer was lower than there adjusted price. But relax time is stll on your side.
2007-12-12 15:20:52 · answer #2 · answered by Big Deal Maker 7 · 0⤊ 0⤋
Your agent should be handling this for you.
If you offered on a bank owned property then it can take about 3 months before they respond. They like to collect up a few offers before even looking at them. Yours is likely sitting in a file somewhere.
The bank won't talk to you, the broker needs to contact them and aggressively push this.
I buy REO;s and have a wonderfully aggressive broker. I know there is no way I could get my properties with a sissy broker or by myself.
2007-12-13 02:40:03 · answer #3 · answered by Landlord 7 · 2⤊ 0⤋
so some distance as i comprehend it would take months and months until you certainly purchase a short sale ingredients. It takes a brilliant style of time for all the events to agree on the cost and each thing. save on eye on what is going on with different residences on the industry so as that if this deal falls aside and that they don't settle to your furnish you ought to place yet another one for a distinctive homestead good away!
2016-12-17 16:33:27 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You agreed to the dead line for the offer to expire. Let them use the time to get a better one. Like your offer was too low?
2007-12-12 16:44:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
When I got offers that were unacceptable, I simply did not respond. Sounds like they are not likely to accept your offer.
2007-12-12 15:16:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
if you wish/need to hear sooner
"next time", stipulate that your
offer has a deadline of 24 hours
or 48 hours!
luck to u!
2007-12-12 15:21:37 · answer #7 · answered by kemperk 7 · 0⤊ 0⤋
When I need to find anything out I call. Call.
2007-12-12 15:50:34 · answer #8 · answered by psi2006 4 · 0⤊ 0⤋