Generally when you make an offer. it has a date and time by which the seller is to respond. If there is no response the offer ceases to exist. A bank has many layers of people who may need to look at and sign off on your offer. Have your Realtor contact their Realtor and ask what the status is. If it has not been formally accepted, then you have every right to withdraw. If you require an immediate response, then you will need to look at homes that are being sold by regular people, and not have to deal with banks in any way.
You can withdraw your offer at any time prior to written acceptance by the seller. However, if a week is too long for you, I'd suggest that you cease looking at bank owned properties.
Anything to do with forclosers and you can expect a pain in the rear. takes 30+ days to hear back from a bank. Withdraw your offer anytime before acceptance and you should be good.
A week is a fairly short time for a bank to respond. Give them 30 days.
Usually there's something in an offer that ssys it's gs ood for x days. It's common for banks to respond slower than individuals
a week? you might not get an answer for 6 months. your offer should have included a required respond date - all normal RE offers do
Why did you not go to the banks agent
This is not a short sale, this a foreclosure home. The house has been on the market for 6 month. My question is, can I withdraw my offer if they take to long to answer?
