Real Estate Glossary

What is The 72-Hour Clause?

The 72-hour clause is a provision that is often included in real estate contracts that gives the buyer a certain amount of time, usually 72 hours, to change their mind and cancel the contract without penalty. This clause is intended to provide the buyer with a cooling off period during which they can reflect on the purchase and make sure they are comfortable with it. The 72-hour clause is not mandatory and its inclusion is up to the parties involved.