Not hearing back about an offer

Shelga

I have offers in on 2 places at the moment. As far as I know, I'm the highest bidder on both. I only made the offer on the second one after weeks had passed without hearing back about the first one (I've left messages).

My question is, is it normal to not hear back regarding an offer for weeks, beyond having it accepted by the estate agent? Both places have been on the market for months and months, so it's not like there's a bidding frenzy going on on either.

It's just really frustrating. Either accept the offer, or tell me you're not interested. I don't want to withdraw either offer yet as I really like both places, but equally I'm not willing to sit hear like a chump for months with my offers, until something better comes along for the seller.

brisan

Shelga wrote: »

I have offers in on 2 places at the moment. As far as I know, I'm the highest bidder on both. I only made the offer on the second one after weeks had passed without hearing back about the first one (I've left messages).

My question is, is it normal to not hear back regarding an offer for weeks, beyond having it accepted by the estate agent? Both places have been on the market for months and months, so it's not like there's a bidding frenzy going on on either.

It's just really frustrating. Either accept the offer, or tell me you're not interested. I don't want to withdraw either offer yet as I really like both places, but equally I'm not willing to sit hear like a chump for months with my offers, until something better comes along for the seller.

You could put a deadline on your offers
Tell the EA your offer is only good until ( insert date ) and after that you are withdrawing your offer
The vendor is not obliged to either accept or decline the offer
He can just sit on it
If they are there for months it could be a bank or a fund selling or a probate sale

and family members can’t agree on the offer

ec18

Friend of mine had similar issue,, it was a probate issue. ( and the vendors were holding out for more)

Put a time limit on the offer might be the only way to get them to move a long a bit

arctictree

Even putting a time limit on an offer doesn't seem to effect some EAs. I had one EA come back to me a year after our offer expired saying that the vendor was prepared to accept our offer! Of course we refused (had moved on) and then I saw the property was back on the market a week later for 50K less than our original offer...

Batgurl

Twice I’ve told EA’s that I’ve found 2 places I like and have made offers on both and it’ll be the first to accept that I’m going with.

It worked both times.