Acceptance (of a contract)
Acceptance of a contract (sometimes called ratification), is the formal term for the agreement of both buyer and seller on a final version of a homebuying contract. Other key dates and contingencies in the contract will generally refer to a number of days from acceptance of the contract.
This document is a community edited guide, is not legal advice, and is subject to changes, modifications, and may contain inaccuracies or out-of-date information. As with any important financial transaction, consult a real estate professional and/or an attorney. See our terms of service for more information.