Two weeks is a bit long. I wonder if you put an expiration date on your LOI? In most states, brokers are "required" to submit all agreements in a timely manner to their clients. But, that does not mean that the seller has to respond or respond in a timely manner. If you offered a low number, then they may never respond. If your offer was close to or at the asking price, and you are hearing nothing, then I would get concerned. Either way, if you are a buyer, you should always use a real estate broker. It would cost you nothing (normally the other broker splits commission) but you need to insert them at the onset of the your interest in a property. They should make the first call for you. Anonymity can work to your benefit. Also, they might be able to craft the documents so that they look more legitimate (not so say that yours were not). Brokers fall into a norm of how they handle things, and maybe they got some wrong impression by how you worded your document. My advice is to call a commercial broker in your area. Feel free to contact me and I can make a recommendation, as I have a network that gets around the country.
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May 22, 2009