Is there a maximum amount of time a seller can take to respond to an offer?
My husband and I put an offer in on a property 10 days ago now and we still haven’t had an answer from the seller. The agent is equally frustrated that they won’t make up their mind. Is there a maximum amount of time a seller can take to respond to an offer?
There is no set time limit for an offer to be accepted, unless stipulated on the contract as a condition that it is only available for acceptance up to a certain time (at which point it is withdrawn). However a buyer can advise the agent that they wish to withdraw their offer at any time prior to being advised that the offer has been accepted without penalty. A seller that does not respond within a reasonable time runs the risk of a buyer doing just that.