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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3
Monique & Joe…, Agent, Beverly Hills, CA
Mon Feb 9, 2009
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
Cindi Wolf,…, , Lancaster, CA
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
Eric H. Wong , Agent, Albany, CA
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.
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