When someone likes a house, how long does it take to make an offer?

My brother had an open house yesterday and one person seems so very interested and even the agent thought he would get an offer today, but he’s worried he has not heard anything. He has a new job out of state and needs to sell. House is priced right and in mint condition. Any RE agents out there that can give some insight?

12 thoughts on “When someone likes a house, how long does it take to make an offer?

  1. Paul in San Diego says:

    I’m not an agent. But, I have spent a lot of time on the other side of the transaction equation (a potential buyer).

    If the buyer has an agent, that agent can get in contact with the seller’s agent to find out if there are any offers on the property yet. If so, the buyer may be more inclined to make an immediate offer, so he doesn’t get aced out by the first offer. If there are no offers on that property yet, the buyer is probably looking around to see what else is available for that price before making an offer.

    Also, even though someone might be at an open house and be all ga-ga about the property, it could be that they’re actually not serious about buying yet, if at all (looky-loos who like to talk the talk).

    Any time I’ve ever seen a property that I liked and was serious about purchasing, I sent in an offer that day or the next. I’ve also seen a lot of properties that looked very attractive and expressed that to the selling agent, only to see another one later that day that looked better.

    Your brother should not get his hopes up too high about a potential buyer until the offer sheet comes across the table. Just like buyers shouldn’t get their hopes up too high when submitting an offer until it gets accepted. Otherwise you’ll drive yourself crazy on an emotional roller coaster of excitement and disappointment, either as a buyer or a seller. And, I’m kind of surprised your brother’s agent didn’t take that approach to this potential buyer.

  2. Just because someone says they are interested in the house doesn’t always equate to them making an offer. Sometimes buyers will seem interested and will put your home on their list of homes but decide on something better especially with the amount of homes for sale nowadays. Many times people will go to an open house just to be a “looky lou”. If the person really wanted the home he would have had an offer within one day. Keep in mind, some of these people that come to open homes try to get a feel on how desperate the owner is to sell so they can low ball them. Often times, investors are looking to make a quick buck off an unsuspecting person.