Backup offer Closing Due diligence Earnest money deposit 
HomeLight
SEPTEMBER 16, 2022
For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. A higher fee and shorter time frame might make the buyer’s offer more attractive to the seller, and sellers may ask for better terms which could extend the negotiation period. When does an option period begin?
Realty Biz
NOVEMBER 11, 2020
When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. They will also get their earnest money deposit back , and the home will go back on the market.
Expert insights. Personalized for you.
84 
Let's personalize your content