Housing and Market Trends and Information to help home buyers and sellers make smart and informed decisions.
You have found the perfect house, now what??
Once you have an accepted offer then you typically enter what is known as the option period. An option period is a specified time frame in a real estate contract which allows a buyer to terminate the contract for any reason. It creates the right to terminate within the specified number of days for a specified price. Once you are in the option period which starts on the next day after the offer has been accepted, you will then prepare for inspections. This checklist will help you to be one step ahead.
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