You should always have an expiration date on the offer, check back with your agent and see how much time the offer is good for.

Hi Pink Houses,
Is it an REO or Short Pay sale?

Wondering,

Jes Sierra, B.Sc.
Realtor®

All counter offers regardless how they are presented, written or verbal, should have a "time trame" associated with them.

On the other hand we know of situations, when the seller has rejected an offer on a property the buyer really likes, when the buyer has nformed the seller that their offer "stands as presented" until they find another property and have an accepted offer on it.

This time period gives the seller a window in which to seriously consider their options. It's suprising how often the seller will reconsider.

Good luck
The Eckler Team

Hi there Pink and thanks for your post.

If you and your Realtor are using the standard California Association of Realtors (or CAR) purchase contract, on page 8, paragraph 31 of the contract, "Expiration of Offer", the offer expires at the end of the third day after the date of signing by the buyer OR the date specified on the contract. Once this date passes, the offer is deemed revoked, and all funds collected will be refunded promptly to the purchaser. To determine the exact date when your offer expired, check your copy of the offer you signed or discuss this matter with your Realtor.

Typically, a seller will will either accept or accept/counter offer on price and conditions rather than simply to allow the offer to languish without a response. Perhaps the listing agent did respond or became ill or the seller is out of town. Your agent should be contacting the sellers to determine what decision, if any, was made on your offer.

Good luck!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty