Real Estate - Timeline for seller answer after offer to buy a land cash
What is the required timeline to get an answer from a seller?
Last March, we looked for some real estate options.
We like the option of land in a gated community so we can build the house we want.
We looked at the developer available lots and some private resale lots (people who purchased during phase 1 and are reselling).
We selected a lot we like from one private reselling lots.
After meeting face-to-face with the seller agent, we went through the ID and financial verifications (we are buying cash), and asked if it was negotiable.
We made and offer at $US 5,000 less than the asking price.
After 1 week, no answer. We contacted the agent who said the offer just went through the agency compliance officer and will now be presented to the seller.
After another week, we contacted the agent again, who now said the seller wants the full asking price, so we changed our offer to match the asking price.
It has been 4 weeks now since our offer. Still no written Answer.
Is that normal in Jamaica?
PS: no money deposit yet.