Do you have an "expiration" on offers made off market?

[Alexander Hamilton]

I’m curious to know if you have an expiration date/time on your offers made on off market deals. On market I usually have a 24-48 hr acceptance period and then my offer expires. All feedback is appreciated!

[Karl B.]

I don't... but I'm not investing in a hot market. I can completely understand if someone was investing in a hot market and using it as a tactic to lock the property up quickly. 

Though  if someone comes back to me weeks/months later wanting to sell I have lowered my offer. 

All off-market deals I've done were sellers with inept property management who wanted out. I've had the best results talking sell price over the phone. That's the time to remind them of their pain points and tell them why you're offering what you are.