How long does it take for an offer to be accepted? or for it to change to pending?

Asked by Olivia, Glendale, AZ Tue Jan 13, 2009

--Websites states this home is currently for sale however when speaking to the agent he stated an offer has been accepted as of last week.. I am interested in the house and would like to out an offer in if it is for sale.. How long should I wait for the status to change if there is in deed an offer in?
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Randy Hooker, Agent, Chandler, AZ
Tue Jan 13, 2009
Hi Olivia!

This listing appears to be Pending (under contract), and thus no longer available. Are you only looking for a home in Glendale? Let me know if I can help in any way.

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Donald Keys, Agent, Scottsdale, AZ
Tue Jan 13, 2009
Olivia, I just checked the LIVE MLS and it is showing PENDING.
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Donald Keys, Agent, Scottsdale, AZ
Tue Jan 13, 2009
Olivia, it depends.

First of all, I hope you are working with a professional REALTOR that represents you as a BUYER instead of calling the yard sign. The agent on the sign represents the SELLER.

It if is a SHORT SALE, then it may remain what the PUBLIC sees as ACTIVE, but agents see as AWC-I or Active with a contingency. If it is a BANK OWNED, they usually have the right to accept back up offers and leave the home ACTIVE all the way until closing. If it is a REGULAR SELLER, then whenever the agent gets around to changing it to PENDING.

I hope this helps.

FREE LIST with pictures of distress sale, bank foreclosures, repos -
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