This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
Legally speaking, there isn't a time frame for sellers to respond to your offer. However, it's an unspoken rule in the industry that sellers and/or the listing agents should respond within a few days, with 48 hours as the norm.
If this happens to you, don't worry. In our experience it often means one of two things; you need to re-negotiate, or it just wasn't the property for you and there is a better one around the corner.
Banks almost always negotiate on the bids they receive – they rarely accept them on the first go-around. They'll review the bids and take the highest offers, negotiating with buyers to get the dollar amount they want for the home.
Essential Tips on How to Negotiate a Foreclosure Property... Understand the Foreclosure Process. Conduct Thorough Research. Hire an Experienced Real Estate Agent. Get Pre-Approved for a Mortgage. Inspect the Property Thoroughly. Start with a Reasonable Offer. Be Prepared for a Counteroffer.