Thread: Exactly how long does one have to wait for an answer with a short sale?

My husband and I put an offer on a short sale house on April 14th. It was orginally listed at $101,000 and dropped down to $84,999. We were the best and highest offer that they had gotten in the 4 months it had been on the market. We offered 85,000 with them paying closing and home warranty. We are currently coming up to 4 weeks of sitting and waiting for an answer to be given. In the meantime, we had a really bad storm in our area that produced a tornado and a neighboring tree fell on the back deck of the house we wanted to buy. Now, not only are we stuck waiting for an answer, we now have to make sure that this tree is removed and the deck repaired before we can do an inspection. Thankfully the current homeowners still have insurance on the house.

How long should we wait for an answer? We are not in any rush but we are in a standstill and can't seem to go further until we get a response.

Any suggestions/advice/opinions are welcomed to ease my fraying nerves.

it can take a very long time. the banks have way too many short sale offers than they can handle. we just checked on a short sale offer we submitted for our clients two weeks ago only for the lender to tell us they never received it. which is a lie, because we confirmed it twice with them , they are just an unorganized lender.