How long does it take to hear back typically on an offer. Put in a 225k offer yesterday, house has sat on the market for 90 days, investors bought the house for 300k last year, dropped the price down to 289 2/2/23 from 320. The house has a lot of potential, needs some work and the seller offered no contingencies.

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I’d be willing to pay 250k and I’m pre approved at one lender for 275k at 6% with no down payment on a conventional loan.

It took us a few days to hear back and we were in multiples several times. Our realtor told us when to expect a response. You may have to go up if you really want the house.

I would expect a response within 3 days unless they say otherwise that they need more time to consider the offers? If it's a no they usually say so within a day or two.

Did your realtor put a clock on their response time? It is common to see something along the lines of “offer is good through 5 pm Friday so please respond by then.” if you just sent an offer, especially a low ball offer, they are probably going to wait and I would bet they counter

Nice that’s solid!

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