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What is buyer acceptance?

Buyers Acceptance means the Buyers acceptance of the Sellers Offer, in the form of the Buyers purchase order or such other written form acceptable to the Seller; Sample 1Sample 2. Buyers Acceptance .

What is buyer acceptance?

Buyers Acceptance means the Buyers acceptance of the Sellers Offer, in the form of the Buyers purchase order or such other written form acceptable to the Seller; Sample 1Sample 2. Buyers Acceptance .

What happens after acceptance of offer?

Although it isnt legally required, most buyers make an earnest money deposit on the home after their offer is accepted to show the seller that theyre serious. The size of this deposit is negotiable but typically ranges from 1% to 2% of the purchase price.

What happens when seller accepts offer?

After your offer is approved, you will have the opportunity to inspect the home and conduct walkthroughs before closing. In some cases, you might discover major defects that are costly to repair or that docHubly lower the expected value of the home.

What does acceptance mean in real estate?

Offer and acceptance are the key elements to a binding contract. Offer and acceptance occur when the seller accepts a buyers offer on the home, usually by signing a Purchase and Sale Agreement already signed by the buyer. This concept is also known as mutual acceptance.

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