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im maura neal with buy sell live atlanta and today were discussing the binding agreement date in the real estate transaction in the beginning of the transaction the buyer and seller will negotiate back and forth in a series of offers and counter offers in order to docHub a mutual agreement on a number of terms terms such as price closing date seller contribution to closing costs and other seller concessions such as a home warranty or a termite bond once the buyer and seller have agreed to all terms of the purchase and all parties have signed off on those terms in writing that date is called the binding agreement date the binding agreement date is also the day on which all of the timelines and deadlines for the contract contingencies begin contingencies like the due diligence period the financing contingency period and the appraisal contingency period just to name a few the binding agreement date is essentially day zero of those timelines for example if a buyer and seller agree to a 10