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Updated over 11 years ago on . Most recent reply

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Leibel C.
  • Pittsburgh, PA
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Seller not responding to offer

Leibel C.
  • Pittsburgh, PA
Posted

So after a little marketing, and being contacted directly by sellers, I made two unofficial (starting point) offers last week via email.
So far, neither seller has even acknowledged receiving the email, let alone saying "yes" or "no".

How long before I can assume the offer wasn't taking seriously, and that they have no intention of responding? Should I expect an immediate response, or does it sometimes take several days?

There are no brokers in between our negotiation.

Thanks

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Welcome to BP!

A bona fide offer needs to be made in writing, not by an e-mail, in good contract form. Follow up with a formal offer. Put a dead line or expiration date on all offers, otherwise they can come back a week later and accept when you have made another offer. 72 hrs is plenty of time.

It's also good to speak to sellers if you can to get a meeting of the minds before going to much trouble, especially if you're making low ball offers. :)

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