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What Is an Option Period When Buying a Home?

HomeLight

For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. The home will revert to “option pending” on the market and sellers can only accept backup offers during this time. If you don’t know what you want, the line disappears too quickly. What is an option period?

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What Does Contingent Mean in Real Estate Sales

Realty Biz

For example, if a home sale is contingent or pending, can you still make an offer? How your real estate agent markets your property when an offer has been accepted can have vital implications. When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. What does Contingent Mean?