our realtor put our bid for a house we wanted in one week ago. how long should it take until we find out?

Amy
Home Buyer
Grand Junction, CO

what is going on?

Answers (3)
Lillian Lively
Agent
Denver, CO

Take a look at your copy of the offer/contract. On the dates & deadlines the last date should be "acceptance date" . That is the date by which they are to respond. If it is a short sale or a bank owned, that date may not be specified or it may be irrelevant. When the banks are involved on the selling side everything takes a long time.
Ask your Realtor to explain and to keep you updated on what the Seller's agent is saying is going on.

Sun Apr 19 2009, 12:45
Shar Rundio
Agent
Mesa, AZ

Is the house you are offering on a "normal sale"...or is it possibly bank owned or a short sale? Here in AZ there is a acceptance deadline spot in the contract. If the property is bank owned or a short sale you can just throw that out the window, however! :~) Banks are taking any where from 5-7 business days (and even longer) on a bank owned home and on a short sale it's not uncommon for the acceptance to take 30-90 days.

What is your Realtor telling you? God luck!

Sun Apr 19 2009, 10:24
Mike Krieg
Agent
Grand Junction, CO
FIRST ANSWER

Your offer should have included an acceptance deadline date. This is the date the seller has to respond to you by.

Sun Apr 19 2009, 09:33

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