My house is going up on the market this Friday, and my agent wants offers due by Wednesday. This seems really short to me. He says shorter timeframes create urgency, but I feel like a week and a half, covering two weekends, would give more people a chance to see the house. Is 5 days normal?
Do you like and trust your agent? Let them do their job. If your house is that hot, 5 days should be sufficient. If the agent has overplayed their hand, it’ll be clear quickly.
This only works in a very hot market or if your house is significantly underpriced.
Listen to your agent. They know the market conditions.
You could get a really good offer on day one that expires the next day.
Yeah, we usually give about 36 hours to accept an offer. I’m curious what makes you/your agent think you’ll get offers in that timeframe.
If you were buying, how long would you be willing to wait to hear back from a seller who thinks they can set their own timeline?
If it’s competitive, this is actually a longer timeframe. Usually, it’s something like Monday at 5 PM.
You should list Tuesday or Wednesday for showings Saturday/Sunday, maybe Friday evening, and have offers due Monday at noon or 3 PM if you’re in a competitive market.