With the current market, how long should a seller respond to an offer?I know that there have been some posts about the same topic before but I notice that most of them are outdated. I submitted an offer to a condo monday of last week and the listing agent responded on the same day that she got 5 other offers but the seller has not responded to any of those yet. With my concurrence, my agent informed the listing agent on that same day that we are open to negotiations.It's been more than a week now and we haven't heard anything from the seller/ listing agent. My agent told me to just wait. Is this a usual happening? Is it advisable to submit my highest and best offer now (about 3% more than the asking price) or should I just really wait?Your insights will be highly appreciated!August 22 2012 - Hoboken00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.