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It is important to be very actively discussing this with your Realtor, and to know your exact financial position with your mortgage holder.The options I see are almost the same:accept, reject, counter, or do nothing. I recently had a seller wait and not respond, so my client rescinded the offer after a week.Each option has its pros and cons, and since you described the market in your area, you likely know what you are dealing with. It sounds like you got an offer on your house when the average sale is taking close to 6 months. If you have an otherwise solid offer and are concerned that it may be a a few months before you get another, that may help clarify which decision is better for you financially. There is a saying that a bird in the hand is better than two in the bush- or that a qualified offer in hand that meets your objectives is better than the hope of something better that may not come along in time. It is your decision, and based on your ( and your Realtor's) research of what is probable, not just possible in your scenario.Evelyn
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