How long does it take for an offer to be accepted?
There is no simple answer for this because no sale is ever like the last, and no owner is the same. But that’s not to say you shouldn’t know because you should.
Across our business we work with a communication system known as ‘closed loops’.
Creating a closed loop in communication is telling the other person key steps:
- In the case of us submitting an offer, we would advise the buyer the next step (in this case, that we will call or email the vendor with your offer)
- We will let you know when you should expect to hear from us – this is about when we will call you back, not when the owner will decide. Even if the owner hasn’t given an answer by the agreed time, we will be in contact to let you know where we are up to.
- The final step is to advise you what to do if we fail to get in contact with you. Often we will tell people that if they don’t hear from us by a certain time, to call us. It’s not that we won’t try and call, but often we find peoples mobiles are off or not taking incoming calls etc.
- The point is you should never be left wondering.