How long does it take to find out if your offer on a BPO'ed short sale home offer was accepted?

Tips and Deals Forums Buying Your Home Buying Your Home How long does it take to find out if your offer on a BPO'ed short sale home offer was accepted?

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      Anonymous
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      We’ve been looking at short sale homes for 1 month and found one we like. The previous couple interested in one particular home changed their minds but the BPO was already completed. I put an offer on it, $ 4k more than the listing price b/c another couple is also intersted but I was told they were going to “low-ball” it. Our realtor said “everything looks good” and that we’d hear something in 1-2 days, that was 1 week ago. How long should we wait? We’re trying to buy before 11/30 so we can get the $ 8k tax credit, plus our lease is up 12/31.
      Forgot to mention, that when I put in the offer, our realtor drew up a contract with a closing date of 10/30.

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