Zillow Advice: Buying Process - how long does the owner have to accept an offer http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ Zillow Advice | Zillow Real Estate Good luck!&nbsp; Don't be ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ Good luck!&nbsp; Don't be discouraged; the right set of circumstances will come together.&nbsp; As hard as it is, at least the prices aren't where they were in 2006! Wed, 16 May 2012 16:15:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-16T16:15:00Z First and foremost is it ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ First and foremost is it a fair market listing? Short Sales and REO's are a little different.&nbsp; <br/><br/>Unfortunately many agents have gotten lazy with the abundance of short sales and REO's - Everything relates back to the contract...What is the response time in the contract?&nbsp; If you have not heard back within the time indicated you no longer have a valid offer unless otherwise indicated by an addendum.&nbsp; If your agent cannot get a straight answer from the listing agent, it's time for your agent to call the broker. Wed, 16 May 2012 02:58:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-16T02:58:00Z All of you have been a huge ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ All of you have been a huge help. This isn't a short sale. We have already submited our highest. Our agent tells me she sends them emails but they still haven't made a decision. So I guess we will just keeping looking for another home at this point. Thanks again. Wed, 16 May 2012 02:39:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-16T02:39:00Z Your situation falls into ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ Your situation falls into the second part of my previous answer. It is most likely that your offer has been bettered by another one and that you are dealing with a disorganized listing agent.&nbsp; If you were near the top of the heap, they would be contacting you in a better time-frame.<br/>So if your offer had an expiration time on it that has expired, you should be moving on to the next one.&nbsp; It isn't uncommon for buyer's to have to make offers on 5-6 homes before they begin to understand how to balance price, contingencies, financing and value in order to be successful in some markets.&nbsp; And even this is with the help of a good buyer's agent.&nbsp; Without the help, I don't know how buyers are ever successful. Tue, 15 May 2012 19:25:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T19:25:00Z Ron has mentioned what I ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ Ron has mentioned what I would also recommend.&nbsp; Reponse time should be part of your offer.&nbsp; Make your best possible offer and give them 24-48 hours to respond, if they do not respond in writing then the offer is null and void.&nbsp; Is this a short sale&gt;&gt;&gt;? Tue, 15 May 2012 19:21:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T19:21:00Z There are no hard answers ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ There are no hard answers here. They claim to have multiple offers. Do you really like the house? How much are you willing to spend? Do you want to be involved in a bidding war? My suggestion is make your best offer. Set a deadline for a response. Let the agent or owner know&nbsp;you are looking at other properties and do look. If you don't get a response within your timeline walk away. As difficult as that may be. Tue, 15 May 2012 19:02:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T19:02:00Z This is usually dictated ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ This is usually dictated within the offer itself. Most offers have a limited time period. It would be wise to check your submitted offer. Best of Luck! Tue, 15 May 2012 18:44:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T18:44:00Z Unfortunately, welcome to ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ Unfortunately, welcome to the current real estate market. &nbsp;If you are looking for great deals, expect to enter into a bidding war. &nbsp;We have low inventory which puts sellers in control. &nbsp;I would recommend you to find a qualified buyer's agent that can guide you through this process. &nbsp; Tue, 15 May 2012 18:33:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T18:33:00Z If you really want this house, ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ If you really want this house, I would make one more offer at your highest and best position and specify the seller has 24 hours to accept it.<br/><br/>If they don't, then move on down the road and find another house. Tue, 15 May 2012 18:26:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T18:26:00Z They said they recieved 12 ... http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ They said they recieved 12 offers and would notify us within 72 hours but they were going to accept the highest and best. 72 hours later they said we are still looking over everything and raised the price of the house. So we put in a higher bid. It now has been a week and two days and they still have not decided. At this point we just need to know if we are in the top running or if we move on, but they won't say anything their response is we gave not decided yet but we are taking the highest and best. Very disturbed by this whole process. Tue, 15 May 2012 17:53:00 GMT http://www.zillow.com/advice-thread/how-long-does-the-owner-have-to-accept-an-offer/442857/ 2012-05-15T17:53:00Z