If your number was closer to their number, I would expect a relatively short response period. But since it is not, there is no benefit for the bank to rush the procedure...If they take their time, possibly someone else will drop a higher number into the mix.....
Do you have a contact person.....I recommend establishing a daily ritual of telephoning, emailing, texting....whatever it takes to get them moving.
It varies from bank to bank, and also depends on how often the listing agent submits offers to the bank. A week to 10 days is not unusual, although some banks will respond in 48 hours. Have your agent call the listing agent and find out the status of your offer. Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty