Do sellers usually wait to accept offers?

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.

US Legal Forms
Legal Letters
Sample Letter for Offer by Client to Sell Property

Offer For Real Estate In San Jose

Category:

Letters - Legal - Property

State:

Multi-State

City:

San Jose

Control #:

US-0028LTR

Format:

Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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FAQ

Mortgage rates, while predicted to decline somewhat from their 2023 highs, are still likely to remain elevated in the 6-7% range throughout 2024. This will continue to squeeze buyers' purchasing power. Home prices are expected to remain stable or see modest increases of 3-5% in 2024, as inventory levels remain low .

“In a buyer's market, I would not hesitate to submit an offer that's around 10% below asking,” advises Chris Cloud of Exit Heritage Realty in Haymarket, VA. “Most sellers will at least see that as worthy of a counteroffer.”

You can always offer 20-50% under asking.

Typical home prices are projected to fall about 1.8% from November 2024 to November 2025 in the San Francisco metropolitan area — one of the few declines predicted for the largest U.S. regions. The Bay Area could see more homes hit the market this year, which could slightly ease pressure on its sky-high prices.

Real estate agents often suggest that sellers either accept the first offer or at least give it serious consideration. Real estate agents around the world generally go by the same mantra when discussing the first offer that a seller receives on their home: The first offer is always your best offer.

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.

More info

In this article, I'll go over what's involved in writing an offer in the San Jose area and how much time buyers should allow. Some real estate agents will ask visitors to fill out a form stating whether they are a buyer with representation or without.This article will help you understand everything you need to know about making an offer contingent on the sale of your home in the Bay Area. Go to the listing agent and tell them to write your offer. Buyer agent will have a heart attack. Sell your home for a Flat Fee and save thousands! The best Flat Fee MLS San Jose listing services are: 1. Find your dream property with the REALTORS® at Home Page Estates. Their local market knowledge helps buyers purchase with confidence and build wealth. The California Association of REALTORS has a form which brokerages often require buyers and sellers to sign called the Statewide Buyer and Seller Advisory.

Offer For Real Estate In San Jose

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FAQ

Will 2024 be a good year to buy a house?

What is a reasonable real estate offer?

Can I offer 20% less on a house?

Will home prices drop in 2024 in the Bay Area?

Do sellers usually accept first offer?

Do sellers usually wait to accept offers?

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