Offers due at 3pm, when do potential buyers hear?

[Anonymous]

What’s the usual timeline? Offers due at 3 pm ET. How quickly does the sellers agent typically get back to buyers agents?

[Anonymous]

We had 3pm deadline. We discussed the options with our realtor at 8pm. He called the winning offer's agent 15min later. Not sure when the other offers heard.

[Anonymous]

We were on the buyer side - seller had a 5pm ET deadline, and we heard we were the winning offer at midnight. No idea what was going on between then.

[Anonymous]

By 3pm then usually late that same night, but possibly the following morning. Sometimes it will be close between 2 offers and even with a real estate agents direct advice the sellers may request to sleep on it.

[Anonymous]

My guess is around 8 or 9pm. If sellers have young kids or demanding jobs, it may be later.

[Anonymous]

Do folks call back the highest offer last? Years ago I did lowest to highest in my call back. Giving each a chance to adjust offer.

[Anonymous]

We heard 4-5 hours after deadline time was set that we were the winning offer out of 15 offers.

[Anonymous]

Anonymous wrote:Do folks call back the highest offer last? Years ago I did lowest to highest in my call back. Giving each a chance to adjust offer.

I think so. We were the highest offer and heard we got the house 4-5 hours after deadline. I'm assuming those other hours were spent calling the buying agents & seeing if there were any escalation clause offers under ours.

[Anonymous]

As a Realtor, it depends. Offers sometimes come in at the deadline and I need to verify the financing, review terms, create a spreadsheet if needed of the offers. Then, review them with the seller who may have further concerns/questions. While I would love to say within an hour or two, it may be the following day. Your agent just has to asks. I have a deadline set tomorrow morning but I have meetings scheduled until lunch. Won't talk with seller until thereafter.