how long do sellers have to accept offer?
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How long does the seller have to accept or decline an offer? It depends, but it is typically around 48 to 72 hours after the offer has been submitted. A standard real estate purchase contract specifies how much time a seller is given to consider and act on an offer.
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The seller then has the option to accept your counteroffer, decline it, or send you a counteroffer. You and the seller can send a maximum of 3 counteroffers each. Each offer is valid for 48 hours or until an offer is accepted, whichever comes first.
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You should think about applying for a new mortgage two to three months before your existing deal comes to an end. It can take a month to get an offer from a mortgage lender (though this can sometimes be quicker) and an offer will typically be valid for three months or to a specific completion deadline.
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A good rule of thumb for sellers is that you should be prepared to ship within three days of an auction's close to ensure arrival within two weeks.
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This occurs between 7-28 days after exchanging contracts unless you're able to do both on the same day. The seller must move out before this date, otherwise, it'll cause further delays in the property chain.
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But typically, most applications will take between 48 – 72 hours for a decision. In some instances, however, it may take longer. Hot tip: If you haven't heard back from the agent after 48 hours, it's a good idea to follow up by phone or email. When you do, remind them about the property address.
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Purchase offer terms and the course of negotiations usually dictate the time frame for a seller to accept an offer on a house. Most California purchase offers automatically give sellers three days to respond. The buyer can shorten or extend the seller acceptance deadline, depending on how anxious he is for a response.
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Generally, if you make three or more sales in a 12-month period, you are required to hold a seller's permit. This applies even if your sales are made through Internet auction houses, such as... After reviewing the link you provided, it seems a seller's permit is most applicable to *tangible* goods.
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It normally takes approximately 8-10 weeks from a property to go from being sale agreed to moving in. Sometime delays occur, particularly where either the buyer or vendor are in a “chain”, e.g. need to sell before they can buy. A closing date is usually agreed at the point a contract is signed.
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Usually, the seller has about 72 hours to decide what to do with your offer, but the default amount can vary by state, or be determined by adjusting this deadline in the purchase agreement your buyer's agent may submit on your behalf.
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Poshmark Seller Reviews – How the Seller Rating System Works. When a buyer receives an item from you, they can choose to leave you a seller rating. ... While a buyer has 72 hours to accept their purchase, they can leave a rating at any time. They can also update it whenever they wish.
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Sellers insert these clauses into the O & A to allow them to impose a 48-hour time limit on the buyer to make their offer unconditional should the seller receive an offer (generally unconditional) from another person (note: this is not a strict 48-hour time limit but the equivalent of two business days).
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I recommend no more than 48 hours from submission to require a response. If the seller is accessible they should be able to respond within a reasonable period of time. A verbal offer conveys only a passing interest in a property.
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Let them know that you're wanting to sell and give them the official notice stated in their tenancy agreement (usually around two months). You only need to give them official notice if you want them to vacate the property once the sale has gone through.
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There are a multitude of factors that impact the length of time it takes to go from sale agreed to sold in Ireland. It is prudent to allow at least three months for this process but be warned it may take much longer. If you are renting a property, do not give notice to your landlord until contracts have been exchanged.
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All offers must be made in writing, whether that's through a contract or a letter of offer. The agent then has 48 hours to present this to the vendor, unless the buyer gives the agent a strict deadline of, say, 5pm that day.
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If selling to a first time buyer with a mortgage, it should no longer than 10 weeks (70 days) from offer acceptance to completion.