“Hi Gary. I made an offer on a bank foreclosure in Spring Valley a few days and haven’t heard back. My agent has been calling the listing agent at least once a day and still can’t get an answer. What do you think is going on?”
***ANSWER:
Nothing special.
My bank-clients typically respond to offers in anywhere from one hour to 3 working days. Occasionally it takes 1-2 weeks.
For your own sake and consideration for others, tell your agent to stop pestering the listing agent. The listing agent has little or no control over when you get a response. Ultimately, the only thing your agent is accomplishing is bothering the listing agent and hurting your chances of getting the home.
Why would I say it’s hurting your chances?
Human nature.
If there’s another offer that’s close, that agent is going to push for that one to be accepted so they don’t have to deal with an annoying agent for a six long weeks during escrow. That sounds heartless, but I know many agents who handle a large volume of foreclosures and that’s just reality.
Selecting A San Diego Real Estate Broker
