Oops... I didn't quite finish my answer earlier. If your offer is on a short sale property, then it can take up to 45 days to get a response. You may wish to put in a time limit in your offer, if that is too long. Foreclosures tend to be a little more timely, but it depends on the actual bank involved. I've had some great experiences with foreclosure banks.

For short sales and foreclosures, I definitely recommend finding out the timeframe for response before even making an offer.

Angela

Barbara, if the property is a regular sale, ie. not a short sale and not a foreclosure, then you dictate how long you are giving the seller to respond. When we work with buyers, we recommend 24 hours, depending on the situation. You don't want the seller to "shop" your offer to others.

Regards,

Angela
Villa G Realty, Inc.
Tel: 954-816-7996

Hi Barbara,

You need to read the offer you made on the house and there should be a date by which the seller has to respond. If the seller does not respond and sign the offer or make you a counteroffer the offer becomes null and void. If you are working with an agent, you should contact them and ask if there has been any response from the seller.

Nadine Mauro
Regency Realty Services
561-414-0864
NadineMauroRE@yahoo.com

Depends,
The preson makeing the offer sets the time the offer is alive.

Now on short sales Banks want this wide open, some people still put limits thereon and Banks do what Banks do.

What did the contract say?