Waiting on seller?

woodhickMarch 14, 2012

A week and a half ago I submitted and offer for a home through my realtor. It took the sellers 5 days to counter that offer. Well, I countered their offer and after 5 more days I haven't heard anything from them. My realtor says not to worry that they are probably busy but I'm not so sure. Are they trying to send a message that my offer was too low or are they just not interested in negotiating? Could they really be busy? If I were trying to sell my home and someone comes with money, ready to deal, I would try my hardest to make it happen. Any opinions?

Thank you for reporting this comment. Undo
kats_meow

Put a time limit on your offer.

    Bookmark   March 14, 2012 at 2:25PM
Thank you for reporting this comment. Undo
linda117117

It sounds like your offer isnt interesting enough for the seller. Time is on their side, other offers can still come in while yours sits there. If you want the house, make an offer that sparks their interest.

    Bookmark   March 14, 2012 at 5:52PM
Thank you for reporting this comment. Undo
kirkhall

Spark their interest, and put a time limit on the reply.
Otherwise, why would they get right back to you? If they wait, someone else might put in a little higher offer.

    Bookmark   March 14, 2012 at 7:16PM
Thank you for reporting this comment. Undo
jane__ny

We are buying a house. Any offers we made always had 24hr time limit. We always heard back by the next day. Your Realtor should put a time limit on the offer.

Jane

    Bookmark   March 15, 2012 at 12:26AM
Thank you for reporting this comment. Undo
brickeyee

"Your Realtor should put a time limit on the offer. "

And shame on them for not doing it right from the start.

If the seller is not easily available the offer can be renewed with little effort.

    Bookmark   March 15, 2012 at 3:43PM
Thank you for reporting this comment. Undo
woodhick

The sellers finally responded to my offer. There are two owners involved and one of them was out of the country so I guess they were just busy. Still negotiating, I hope we can get this wrapped up before summer.

    Bookmark   March 15, 2012 at 4:26PM
Thank you for reporting this comment. Undo
brickeyee

You might offer a slightly longer deadline on further offers than just 24 hours, but 72 hours should be adequate and ensure they seller understands this is not a game.

    Bookmark   March 15, 2012 at 8:17PM
Thank you for reporting this comment. Undo
sweeby

As a seller, if the buyer's offer has no time limit, I'll use that to my advantage by negotiating with other parties...

ALWAYS time-limit your offers --

    Bookmark   March 15, 2012 at 8:52PM
Thank you for reporting this comment. Undo
ncrealestateguy

The 'ol excuse of "the other partner is ouuta the Country" is used quite often. Next time they say that, let their agent know that you know that there are phones, faxes, and emails to use to get a response w/in 24 - 48 hours. Being on a cruise ship is no excuse either. They have the same technology.

    Bookmark   March 16, 2012 at 7:30AM
Thank you for reporting this comment. Undo
brickeyee

"As a seller, if the buyer's offer has no time limit, I'll use that to my advantage by negotiating with other parties...

ALWAYS time-limit your offers --"

This is the chief reason to time limit all offers.

'Offer shopping' gives the seller even more of an advantage.

    Bookmark   March 16, 2012 at 10:46AM
Sign Up to comment
More Discussions
What qualifies an offer as a "low ball"?
Hello! Im on the house hunting side of things now! I...
karin_2015
Seller isn't signing the sale contract
Land has been on the market for 1.5 yrs and asking...
net42k
Seller not allowing final walk-through before closing
Hi, I am struggling with a strange situation in my...
musicgold
"discount" for all-cash, no contingency offers?
I understand that the answer "depends". However,...
nosoccermom
Why would nosey realtor say these things?
It is clear my house lacks a wow factor. I over de-cluttered...
belfastbound
© 2015 Houzz Inc. Houzz® The new way to design your home™