Q: If I put in an offer on a property for sale, how long do I have to wait before the current owner accepts or rejects it?
My friend put in an offer on a house more than 60 days ago. When they asked the seller about it (seller became elusive) they came back and said they want to wait and see if more offers come in first. Is this allowed?
A: It is up to the offeror to put a time limit on the offer. A letter, now, giving a deadline or withdrawing the offer will work.
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