Contract law: invitations to treat (1). An invitation to treat is an invitation for customers to submit an offer, and indicates a willingness to deal. This short quiz trains the vocabulary of invitations to treat. Please purchase the course before starting the lesson.
Buyers have 4 days to pay before you even think of opening a dispute and most good sellers allow 7 days. Do NOT offer for 2nd chance until you have resolved first sale or you may end up with 2 buyers and get negative feedback.
The typical home sold was on the market for 5 weeks. You may not have long to decide whether to accept the offer or to make a counteroffer. Most contracts give the home seller 48 hours or less in which to respond to the buyer. You don't have to accept the offer, especially if it differs from what you asked for in your listing agreement.