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How much time for acceptance should I put in an offer?
On a real estate contract you can go short, medium or long depending on the situation. On a first offer to a newly listed property, agents will often put a short fuse (time for acceptance) on an agreement thinking if they can get a quick answer…bingo, a sale for them! Sometimes it works but often the Seller looks at the time and feels: hurried, rushed, they want me to make an impulsive decision and the agent is pushy. Don’t do it or it will be… disadvantage buyer.
Alternatively, Short timetable is best on a counter offer, before you play other offers.
Medium time for acceptance is like 1 day. This is not offensive and is best used for offers when you are expecting a counter and want to move the sale along. The Seller is not offended.
Long time for acceptance is what I recommend. 2 days. Most buyers today are being recommended to go to their best offer. Might not and most cases will not get a counter, as discussed above. This offer plays proud and confident and is owner user friendly.
Dress you offer up for success, put some time in there and get the play. A good listing agent will wait at least 2 days to get everything on the table in.
Questions on Real Estate deals and strategies contact me I’m happy to help and connect you with one of our experienced real estate agents.
by Jay Richter Licensed Florida Real Estate Instructor
Jay has coached agents & led Real Estate companies in SW Florida for 25 years.
He has a degree in Real Estate from FSU, Is a Florida Licensed Real Estate Instructor, Real Estate Broker and Published Author
239-472-2411 | JRichter@johnrwood.com