I hereby retract my statement above and banish myself to the hall of shame.

Worst case you have to retract it, after wasting the time dealing with them.

A few thousand dollars is nothing compared to the potential revenue that may be disrupted as nervous Hosts retract their properties due to this incident. 

Basically, I am wondering what I should do at this point, whether I should put a deadline on the offer and risk losing the house if they seller finally decides to look at the offer 'soon' after I have retracted my offer or if I should just keep waiting and waiting not knowing how many offers this unresponsive seller has sitting on the table.

@Johann JellsA self-locking door set is a door set just like a passage door set or {manually} locking door set, only the "outside" knob is always locked.A dead-latch looks like a dead bolt from the outside, on the inside it either has a strike akin to a door set; a receiver mechanism which allows the extended bolt to slid into place (a one-way latch) or an electronic mechanism.Powered deadbolts - one where the lock powers the bolt into place or retracts it - are problematic if you have a building which shifts with the seasons as they need to remain perfectly aligned to operate.  

An increase in this percentage is a leading indicator of a future retraction in the marketThe more likely result of this rapid expansion will be an extended "cooling off" period, where real estate prices hover around their current levels for a few years.

We listed for $280K, had an offer for $270K that same week which the buyer later retracted, but then had another buyer lined up a week later willing to pay asking price- even better! 

unless you had big unemployemnet like in 08 to 2010.. and you have folks who have bought homes in the last decade that actually qualified and are locked in at historic rates.. just because their market stops appreciated or retracts a little .. those folks don't sell they just ride it out.there is and will always be the US citizen that can't manage debt no matter the market.. gets divorced .. has bad health issues... dies intestate... so there are always deals.Each market cycle I have personally lived and invested through was unique  no two the same.And now with Foreigners grabbing a huge share of our investment properties for cash and hedge funds doing the same.. why would those folks cut and run especially the cash buyers.coming into 09 40% or more of all sales were for CASH... so cash buyers don't panic sell generally speaking.I do see certain markets leveling off the appreciation run up.. we are seeing that big time in Dallas right now the herd mentality of that market has cooled down a bunch.and here in Portlandia higher end is just holding to little move up.. but middle price range still moving up. 

Dont have anymore discussion about another month etc...as a side note, I always include a clause in my letter for renewal that I have the option to retract or change the offer at any time prior to executing a new lease.

Currently I'm retracting my statement of working my way out of Groundfloor, but I think I'm going step back from contributing more past this point and try out another site in the interest of more diversification.