Home buying and expected time for a seller to make a decision...

[Rulz]

I was trying to find the info on this and wasn't sure how to word it. After placing an offer on the table with earnest money and all that nonsense, how long in the state of Oklahoma does a seller have to counter, accept, or reject?

I was reading various sources that mentioned 3 days, and my realtor said "there's no time limit"...which made alarms go off in my head and think that couldn't be right.

What's to stop someone from hammering your *** for earnest money about 3 months down the road as you settle into a new home and they come and "accept" an offer? Just doesn't seem realistic to me. And I was using a realtor to avoid these situations, but I'm starting to worry that we may have gotten a bad egg

 

[BIGOSUFAN]

Should've included the expiration date/time of your offer in the offer.

 

[poke957]

Look at your copy of the offer. (I am assuming the realtor used their offer template and not yours or the sellers.) I would be very surprised if there is not an acceptance time and date. Your ernest money is only to be held until this time unless there are ongoing negotiations. I would not worry to much about it. A couple of phone calls and the realtor will be more than happy to give your money back.

 

[Karsten Solheim]

The offer had to have an acceptance date.

 

[purkey]

you always give them a drop dead date....or should.

 

[A$$hole Consulting]

We had an offer once that was so low I told our realtor to ignore the offer and not call them back. Two days later they called asking if we received it and we said yes, but didn't think the offer was serious.

Not saying this is the case but it is unusual that you haven't heard anything.

 

[Rulz]

We got a counter offer, then I countered. Basically, they think their **** doesn't stink.


I rescinded the offer today and told them to take their sooner fan pile of **** and shove it up their ***.

And people who know me personally know that is EXACTLY how it went.

 

[TheRedSon]

Having been on both sides... I feel like sellers are generally pretty good about getting back to you. They're the ones making payments on a property they no longer need/want after all.

Buyers have the entire market to choose from, they may seem eager as can be to buy and then never contact again after promising an offer is on the way.

The house I sold last April was under contract four times, and each time I was asked to reduce price after we had agreed (which is fine, but I can say no and you've already signed over your earnest money).

Also, for reference, my house (and the professional photos our realtor wanted) went online in the last week of March. My son was born on April 1st and spent his first ten days in NICU after an infection nearly killed him when he was 3 hours old. While I was living at the hospital with him I received 8-10 offers on the house. Sometimes there's just other stuff going on.