We are currently experiencing a seller's market, which means there is more demand for homes than are available. The supply in some of the more popular areas is less than a month. This is a scenario where the seller can wait to review offers on a specific date. The home has enough time on the market for the serious buyers to see it and prepare their offer.
Sellers who want to sell their home quickly because of sudden job transfer or life changes, may want to accept offers as soon as possible. Buyer's will need to be quick to tour and make an offer or risk losing the opportunity to submit an offer.