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The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...
Backing out of an offer for a non-contingent reason means you risk losing your earnest money. Since you put that money down based on the promise that you would follow through with the contract ...
While these offers are considered voluntary — meaning the employee does not have to accept the offer (perhaps thinking a better offer will come later) — the offer should be carefully considered.
You found a new home, but the seller won’t accept a contingency offer to sell your current home. You can’t come up with the down payment for a new purchase unless you sell your current home.
A firm offer is an offer that will remain open for a certain period or until a certain time or occurrence of a certain event, during which it is incapable of being revoked. [1] As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face.
As may be the case with other contracts, real estate contracts may be formed by one party making an offer and another party accepting the offer. To be enforceable, the offers and acceptances must be in writing (Statute of Frauds, Common Law)and signed by the parties agreeing to the contract. Often, the party making the offer prepares a written ...
A contingent offer on a home includes a clause that protects the buyer and makes it easier to back out of the deal without financial penalty in certain circumstances.
Later, if a student is accepted by a college from a wait list, and if he or she chooses to accept the wait list offer, it usually entails sacrificing that earlier deposit. In the United States , for students applying by regular admission, the month of April is a time when much activity happens; colleges email offers of acceptance and rejection ...