Can We Get a Home Faster?

Written by Posted On Sunday, 02 March 2008 16:00

Question: My husband and I made an offer on a house. Our broker gave them seven days to get back to us and they still have not. I guess my question is: Should we just wait or is there something we can do to get into the home faster? Answer: You made an offer to purchase a property. The seller can accept, reject or counter your offer. In this case you might see the lack of response as a rejection since the offer has been neither accepted nor has it induced a counter from the owners. What happens after seven days? Do you mean the offer will be withdrawn? If that's the case then the offer will automatically lapse unless there's an acceptance by the sellers. The seller should be aware that even if there is no response to your offer, if the property is listed for sale and your offer meets all the terms of the listing agreement, then the broker may be entitled to a commission.

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