What is the status of the short sale?
Who is handling the short sale?
Which bank is it?
I have 1 short sale that I can get a response in less than a week and another that will take maybe 2 months plus. some others I have been waiting for the other agent for over 3 months.
Good luck !
It could take anywhere from a month to 9 months. It all depends on the bank or banks (if there is more than one bank, it will take longer). It also depends on if the seller is even qualified to do a short sale. Patience is key to making an offer on a short sale. Make sure your Realtor stays in constant contact with the listing agent and that the listing agent is in constant contact with the short sale negotiator at the bank(s).
If you have to ask; you shouldn't be in a Shortsale!
If you do not have the patience to wait; you should cancel your Offer now.
If you are going to pester your Agent by calling him every day, asking for the latest update; please let him off the hook.
We can pretty much guarantte two months, but it might be 9 to 10 months before you hear anything.
And even then, the Bank may decide to not do a SS, beciause the Market has gone up so much.
I would put your odds at 20%.
Forget you made an offer; do not enter it on your Calendar!