Seven Different Options to Offer on a Home

Seven Different Options to Offer on a Home
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Dear Monty: Should I put a time limit on my offer as a buyer?
Monty’s Answer: A time limit is required for a legal purchase agreement. An offer to purchase calls for a time limit to act on the proposal for acceptance. Most other real estate forms contain a time limit to perform. If the receiving party does not act by the time the document expires, then it is no longer in effect.
Richard Montgomery
Richard Montgomery
Author
Richard Montgomery is the founder of PropBox, the first advertising platform to bring home sellers and buyers directly together to negotiate online. He offers readers unbiased real estate advice. Follow him on Twitter at @dearmonty or DearMonty.com
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