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Thread: How long does seller have to respond to offer?

  1. #21
    Join Date
    Jun 2008
    Location
    Houston, Texas
    Posts
    826

    Default Re: How long does seller have to respond to offer?

    Quote Originally Posted by Susan Zanzonico View Post
    I am saying that if, as a buyer's agent you have doubts about the offer being presented and have not heard anything...within 48 hours you can pick up the phone and call the seller directly. Obviously its not really the route you'd like to take with the ultimate goal in mind.
    Contacting the seller directly is bad form. Especially for a real estate agent. In some states this would be considered tampering with the other agents client. If you are concerned your offer has not been presented contact the listing agents broker not the seller. A buyers agent contacting the seller is a big no no. In the best scenario it would put unneeded tension in the transaction. And we as agents are suppose to be making the sale easier and cleaner.

  2. #22
    Join Date
    Mar 2008
    Location
    Minnesota
    Posts
    780

    Default Re: How long does seller have to respond to offer?

    Minnesota has no specific law or rule mandating a time, some agent's will write in their offer something along the lines of "offer must be accepted, rejected or countered by x date and time" or "offer valid until x date and time" but that does not always work, some sellers will ignore that all together as they don't want to be pushed, some don't work on your timeline and some will respond. Banks are very different, they don't seem to care when they get to your offer, short sales are worse many banks take 1 week to 3 months or more and that's just how they work. May be dumb but I guess that it's their right as the title holder. All that being said "typically" sellers respond in a 24 hour pattern in most cases but again no rule to it here unless you request it.
    Derrick Monroe
    Realtor - Owner - 612-282-7653
    The Derrick Monroe Group
    Minneapolis Real Estate
    Minnesota Real Estate
    Rockford MN Real Estate

    "True leaders are not those who strive to be first but those who are first to strive"

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