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Real Estate Glossary

What does Acceptance mean?

Acceptance refers to the act of agreeing to the terms and conditions of a contract or offer. In real estate transactions, acceptance typically refers to the buyer agreeing to purchase a property for a specific price and under specific terms and conditions. Once the buyer has accepted the offer, the contract is considered legally binding, and both parties are obligated to fulfill their obligations under the contract.

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Artur
Real Estate Assistant