Once you placed an offer, how long did it take for you to hear back?

Teri Posted: Mar 09, 2004 02:09 PM

Once you placed an offer, how long did it take for you to hear back?

We placed an offer on a house Sunday morning and were told we'd hear back that evening.

Well, it's Tuesday afternoon and NO word yet!! I figured it would take longer than 1 evening since there were a few other bids, but I thought we'd hear by now.....

I just left a msg for my realtor but wondered what the norm was?

MarcellaBella Posted: Mar 09, 2004 02:15 PM

Re: Once you placed an offer, how long did it take for you to hear back?

I found out within a number of hours.. did your RE agent/broker call you bacK?

Teri Posted: Mar 09, 2004 02:39 PM

Re: Once you placed an offer, how long did it take for you to hear back?

Posted by MarcellaBella

I found out within a number of hours.. did your RE agent/broker call you bacK?

Grrrr, I figured as much.

I haven't heard back yet, but just left a msg for her a little while ago.

I'm a bit pissed at her though - even if a decision hasn't been made, she could have called us and let us know.

I'm afraid to find out though - there were 4 other offers on the house for around the same price, and I wonder if the seller expects us to go into a bidding war? I really hope not...our bid was high enough

MarcellaBella Posted: Mar 09, 2004 03:05 PM

Re: Once you placed an offer, how long did it take for you to hear back?

perhaps not.. was it just a husband/wife, or is the family involved in the sale? perhaps being that there are other offers in, they are reviewing them before saying anything..

Good luck!!!

Teri Posted: Mar 09, 2004 03:14 PM

Re: Once you placed an offer, how long did it take for you to hear back?

it's an older couple that owns that house, but I think the children are the decision makers. They probably are weighing all of their options but if they don't make a decision fast others may just back out and find something else!

LIPrincess00 Posted: Mar 09, 2004 03:17 PM

Re: Once you placed an offer, how long did it take for you to hear back?

One house I didnt hear anything for 5 days and the one I am buying I heard within hours.

kittyke Posted: Mar 09, 2004 04:17 PM

Re: Once you placed an offer, how long did it take for you to hear back?

it took us about 5 days to get accepted and that was TORTURE waiting.

Teri Posted: Mar 09, 2004 04:36 PM

Re: Once you placed an offer, how long did it take for you to hear back?

5 days with both of you? Holy crap - okay, 2 1/2 down, 2 1/2 left to go

still no word back from my realtor

Kelly9904 Posted: Mar 09, 2004 05:08 PM

Re: Once you placed an offer, how long did it take for you to hear back?

We placed our offer on a Wednesday morning and heard back by that evening

yabbobay Posted: Mar 09, 2004 05:58 PM

Re: Once you placed an offer, how long did it take for you to hear back?

teri...do you have a time limit on your bid?

on one place we never found out that we didn't get it - until we heard that it was in contract... (that was about 3 weeks)

on others we found out in days

Teri Posted: Mar 09, 2004 06:35 PM

Re: Once you placed an offer, how long did it take for you to hear back?

Posted by yabbobay

teri...do you have a time limit on your bid?

on one place we never found out that we didn't get it - until we heard that it was in contract... (that was about 3 weeks)

on others we found out in days

no, but we did consider adding a time limit in, but decided not too, since we didn't want to come off as too demanding!

I REALLY hope we hear by tomorrow

Jenny5150 Posted: Mar 09, 2004 06:41 PM

Re: Once you placed an offer, how long did it take for you to hear back?

I'm pretty sure we heard within a day.

yabbobay Posted: Mar 09, 2004 06:43 PM

Re: Once you placed an offer, how long did it take for you to hear back?

the reason i asked about the time limit was b/c if it runs out - I wonder if they just think that you are out of the running...and don't have to tell you either way

hang in there...I so feel your pain...as I was there a month ago!!

Teri Posted: Mar 09, 2004 07:00 PM

Re: Once you placed an offer, how long did it take for you to hear back?

Posted by yabbobay

the reason i asked about the time limit was b/c if it runs out - I wonder if they just think that you are out of the running...and don't have to tell you either way

ahhh - I see. I finally decided to call my realtor today because I didnt' want them to think we were no longer interested!

watch they accepted someone else's offer on Sunday

Charly Posted: Mar 09, 2004 09:40 PM

Re: Once you placed an offer, how long did it take for you to hear back?

I also heard within a day maybe 2.

Good LUCK!!!!

Claud2001 Posted: Mar 09, 2004 10:48 PM

Re: Once you placed an offer, how long did it take for you to hear back?

Ugh...Teri, that stinks!

We put our first offer on a house, and we didn't hear anything for days...that turned out to be a bad sign The RE agent came back to us w/some BS story about other offers, etc....they were totally trying to pull us into a bidding war. So, we stood firm and gave up on the house.

With the house we ended up buying, I think we heard our offer was accepted within 24 hrs.
Depending upon how long the house has been on the market - the seller should really already know what their 'magic number' is...it really shouldn't take them very long to accept an offer if it's right for them. Good luck!

yabbobay Posted: Mar 10, 2004 12:20 PM

Re: Once you placed an offer, how long did it take for you to hear back?

any word??? ~~*~*~*~*~DUST*~*~*~*~

Teri Posted: Mar 10, 2004 02:01 PM

Re: Once you placed an offer, how long did it take for you to hear back?

Claud - I agree - I think they're either waiting for a bidding war to erupt, or have accepted another offer and my agent hasn't told me already.

I think expecting people to wait more than 1-2 days is wrong regardless of the reason!

Erica - I finally left my realtor a msg yesterday afternoon and still no word

Teri Posted: Mar 11, 2004 12:15 PM

Re: Once you placed an offer, how long did it take for you to hear back?

oh and just an update: We're still in the running! It's between us and another couple - the seller's lawyer is reviewing the paperwork. never heard of that before with bids but I guess it's not too unusual....

I hope they make a decision SOON!!!