How long does it take to accept an offer (Solicitors involved)?

Miri_J

I put in an offer at the weekend. It has to go through solicitors, as there's no immediate family. I still haven't heard back whether it's been accepted (Tuesday afternoon). I'm not sure whether to push or just wait to hear. Do other's have experience here?

cymruchris

Miri_J said:

I put in an offer at the weekend. It has to go through solicitors, as there's no immediate family. I still haven't heard back whether it's been accepted (Tuesday afternoon). I'm not sure whether to push or just wait to hear. Do other's have experience here?

Solicitors aren't open on a weekend - so they'd not have seen it until Monday (Yesterday) at the earliest. If the solicitor is executor - it'll likely have to be considered and a decision made potentially by their executor panel - but they aren't all sat around twiddling their thumbs waiting for the offer to come in on this property. They're a business that will be dealing with hundreds, if not thousands of things week-in week-out. Don't start jumping up and down yet. Your offer will be reviewed (along with any others received) and feedback given in due course. I'd imagine it'll likely be Thursday or Friday you'll hear.

AlexMac

I don’t quite understand what you mean by “it has to go through solicitors”? Solicitors are selling a probate property (deceased owners…?)

But assuming you offered via an Estate Agent (?) it’s them you should be chasing so they can ask the vendor who has appointed them to sell the gaff?

Some EAs are great (like our local ones); others are terminally incompetent! Ditto lawyers?  Last but one house I sold, it took three phone calls between me and the Agent and the buyer - over the course of ten minutes from receipt of offer to agreeing a price. The buyer (who then became a friend and neighbour, asked why I’d made it so easy!  

The last sale was as quick and easy; we accepted an offer a tad under the toppy asking price within ten minutes of the EA’s call; which was only 4 days after we appointed him and before it even hit the websites!

whereas on a previous purchase, the EA kept us waiting a week after our (best and final) offer. Assuming failure, I rang in, to moan about the delay… To be told; oh, the seller accepted the offer four days ago… didn’t we tell you? Grrr!

Miri_J

AlexMac said:

I don’t quite understand what you mean by “it has to go through solicitors”? Solicitors are selling a probate property (deceased owners…?)

But assuming you offered via an Estate Agent (?) it’s them you should be chasing so they can ask the vendor who has appointed them to sell the gaff?

My own estate agent (selling my property and being so helpful) advised me to chase their estate agent today, which I have done. But no answer yet. I was just told "It has to go through the solicitors". I have found out through other means, the owner is deceased, with no immediate family, it's gone through probate. Presumably some distant relatives or some other beneficiaries from the will are making the decisions via the solicitors. 

Keep_pedalling

We are currently selling our house and we have viewings this week and next week. If anyone puts in an offer this week we will not be responding until the other potential buyers have had a chance to do the same so you may have a bit to wait yet.

RHemmings

Keep_pedalling said:

We are currently selling our house and we have viewings this week and next week. If anyone puts in an offer this week we will not be responding until the other potential buyers have had a chance to do the same so you may have a bit to wait yet.

Out of curiosity, how do you plan to manage expectations for anyone who makes an offer. Will you give them an approximate date by which you expect to be able to respond? 

prettyandfluffy

Our current home was a probate sale that was being managed by a solicitor.  It took over a week for our offer to be formally accepted although the Estate Agent was confident that it would be.  

Miri_J

prettyandfluffy said:

Our current home was a probate sale that was being managed by a solicitor.  It took over a week for our offer to be formally accepted although the Estate Agent was confident that it would be.  

That's helpful to know, I just wish I was getting more feedback from the estate agent! Still no feedback a week later. It seems that it took till about 4 days for the offer to be submitted which seems a little tardy.