When we start working with people we get asked this question a lot. Most times buyers, especially first time buyers, want to know how many offers they have to write in order to finally get one accepted.
But let’s back up for a second. Once you have an accepted offer it usually takes about a month to close or less if you’re paying cash.
But we’re we are talking about how long it takes to get your offer accepted. There’s no one answer for this. It all depends on the market of the moment. In a very competitive sellers market where there’s a lot of buyers and homes are selling fast, it can take a few offers before you finally get one to stick. Many times buyers don’t realize just how competitive it is and how to lose a few homes before they decide to pay up.
In a balanced market where there’s an even number of buyers and sellers then sometimes it only takes one time. Your real estate agent should be able to give you an honest opinion of what it will take to get the property sometimes it might be more than you’re going to pay and that’s OK.