How long for vendor to respond to offer

[Shibby585]

So I have just sold my house, however when buying this it was chain free and I was the only offer so I'm a little inexperienced with the whole buying and selling houses.

I've found a house, it's up for offers over £160,000. Been and viewed it love the size of it, so much potential. It needs a lot of work think red wallpaper, red stripy carpets, yellow bedrooms, the bath is old and for some reason it's sunken in the ground.

Anyway I put my offer in £160,000 (yesterday morning) is my max limit, which I was honest with vendor. With my mortgage and equity I cannot go over this even if I wanted to. Its been up for over a month which in this market is a long time as most round here are selling within a week.

How long would you expect to hear back. She is obviously waiting to see if she gets a better offer. I don't want to be impatient but I also don't want to be strung along. It's obviously not an outright no as I haven't heard back yet. How long would you wait? Would you chase after so long? (I'm still looking at the market)

She is obviously waiting to see if she gets a better offer

She’s had 24 hours - give her a chance 🙂

I’d wait maybe 3-4 days before I assumed it was a no, and carried on looking.

Never mind I literally just got the call saying I'd got it!

@HeddaGarbled she didn't say 24 hours she said she had loads more viewings. Which was making me anxious. I've just had the call saying she will accept though so I'm over the moon :)

Congrats!!!

@Beefcurtains79 thanks so much. I'm just an impatient Annie lol. It was just causing me loads of stress glad I got it!

Our experience of the housing market at the moment is a shortage of houses and lots of people looking to buy which means it's a seller's market and the result is lots of viewings on any property and vendors waiting to accrue a set of offers and then to organise an auction - best bids by a specific time or to-ing and fro-ing managed by the estate agent and edging up the price as much as possible. This is our second year of trying to sell and move and the situation is worse if anything.