Home Buying in California>Question Details

Monique, Home Buyer in California

How long does it take for offers to be accepted in ca? Monique homebuyer

Asked by Monique, California Mon Feb 9, 2009

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Answers

3
Hello Monique,

Usually you write and offer and then the seller will have to counter or accept. The process can take an hour to a couple weeks depending on the buyer's and seller's response time and how many counter offers go back and forth. If the property is a short sale the bank will have to also approve the price. This can take a month-6 months to go through.

Good luck with your purchase and if you have any questions, just let me know.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
0 votes Thank Flag Link Mon Feb 9, 2009
Monique,

If you are purchasing a home from an actual seller, it can be very quick. If you are buying a foreclosure from a bank or investor, it can take up to 2 weeks; and if you are purchasing a short sale, it can take up to 3-4 months to get full approval from the bank. In that case, it doesn't matter when the homeowner accepts it, the offer must be ratified by the bank/investor.

Hope this helps!

Cindi Wolf
Troth Realtors
Lancaster, Ca 93534
661-609-9392
0 votes Thank Flag Link Mon Feb 9, 2009
It can take as little as an hour to get a ratified contract back, or as long as 2 months for a short sale. It depends on the circumstances.
0 votes Thank Flag Link Mon Feb 9, 2009
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