Hey all, I am new here, and just after advice
Just had a look at a house we have been eyeing off online the other week, and after waiting a few weeks on finance, we finally got our pre-approval and were able to make an offer.
They have the house up for $379k, but this house has been up for sale for 6 months, no one is living in it, and it is a bit of a mess and has lots of little things needing done to fix it up... and the Real Estate agent said that if they didn't get any offers they'd be putting it up for rent... so surely they'd rather be keen to sell over renting right?
Anyways, we started the offer process at 310k, which she refused to take to the seller, so we left her with 330k... she was happy to take that to them... she rang the next morning, and said as she thought the seller refused and said to cut to the chase whats our highest offer and she'll see what they say, so I left her with 340k on Saturday lunch time.... Its now Tuesday night and I still haven't heard back?? They did have an open house on Sunday - so there is the possibility they could be waiting on a better offer right? or would they legally need to say no to our 340k before taking someone elses offer?
Yes I am a little emotionally attatched to this house, but IF they say no I will be happy to walk away knowing we gave it a crack...
I just wanted to know how long can they leave it before letting us know when our final offer is accepted, as we only have a pre-approval and I REALLY don't want to go through that process again to buy a house...