Quote:
Originally Posted by AGuinness
True dat. Or another: the seller already has another offer in hand and started negotiating with that buyer first, and now is just waiting to see where that lands.
I'd say a 48-hour window is about the right amount of time for a seller to have (24 hours would probably be too short, given all the things that can happen in life).
BUT, one of the things that separates an average seller and a great seller is that the great seller will reach out and let the potential buyer know the offer was received and will be considered but needs a little time for it.
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I used to do that with sales here, telling people who made decent offers below my asking price that I'd get back to them in a day or two and that if I didn't receive a better offer in the meantime they could have it. Then I got back to one of those people a couple of days later, and he said, "Well, if nobody else offered as much as I did then I guess it's not worth so much. You can keep it." So I don't do that anymore.