How long can a seller sit on a full price offer before they reply to it?
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How long can a seller sit on a full price offer before they reply to it?
At this time it is 10 days and no reply
Asked on August 17, 2016 under Real Estate Law, Colorado
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Forever, if they like--there is no time limit in the law on how long they have before reply, or whether they have to reply at all; and certainly, no law requires a seller to take any given offer, even a full price (or even more-than-full) offer, since sellers freely decide whether to accept an offer and which offer to accept.
You however can put a time limit on this. Send them a letter, sent some way or ways you can track or prove delivery, giving them, say, 3 - 5 days to respond or the offer will be withdrawn (the person making an offer can put limitations on it): that will force them to respond.
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