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Updated about 2 years ago on . Most recent reply
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Time duration to accept / reject offers
I have been making offers for multi-family, and in some cases I have been receiving fairly quick responses but in other cases the sellers go blank. No responses, no counter offer. Is that normal in the industry? I just seems a little odd that you would not even receive a counter. Note: The offers aren't super low ball offers either. Is there a specific time duration in which sellers should respond to offers?
Most Popular Reply
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Seller does not have to respond if they think your offer is low, or has no financing commitment, or no bank statements to back it up.
Maybe your offers need a polish, and my guess you are offering too low.
If your offer is professional and listing agent knows your agent generally they respond in two days.