Backup offer, Due diligence, Lending and Sales

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

JULY 23, 2021

From the terms for different types of houses to the lingo associated with lending, there’s plenty of terminologies that can feel overwhelming for a buyer to keep up with. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more.

MLS

MLS Backup offer Agents Purchase and sale agreement

What Is an Option Period When Buying a Home?

HomeLight

SEPTEMBER 16, 2022

This enables the buyer to terminate the sale at any point during the allotted time. For example, states such as North Carolina and Georgia have a due diligence period that works in a similar way. The option period and fee are finalized in the purchase contract terms of the sale. When does an option period begin?

Option period

Option period Earnest money deposit Due diligence Inspection

Residential Realty Today

Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

What Is an Option Period When Buying a Home?

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