Have your agent contact the bank or listing agent for information from the bank and/or listing agent. They should have a good idea of the process and how long things should take.
There is no definite time to get a response from the bank. Each bank has there own time frame but your agent will be able to get that info from the listing agent. Good luck on your home puchase.
This could take as little as one or two days to forever or never.
If your offer was close I would normally expect some type of response within 72hrs.
If your offer was 50% of the list price, you might never get a counter or a response.
Your agent shoud be able to discuss with the other agent what normal response times are.
Not all banks respond TYPICALLY with our clients OR if we are listing agent we place a disclaimer allow up to 30 - 45 days for response. THAT IS if the bank likes your offer, IF they don't you may never receive a response.
Recommend keep looking and submitting sales offer on other properties. If you are in a hurry to move a short sale and foreclosures can take approx. 60 - 120 days to close.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Be sure to contact your Realtor every couple of days for an update
All the Best
Dave & Lisa