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Real Estate Word of the Day: Acceptance

In the context of real estate, acceptance is defined as "the grantee's taking of a deed of transfer." The acceptance stage is one of the most pivotal in both the home buying and selling processes. As both a buyer and a seller, an acceptance is just what you're looking for, and is the first major step towards your goal. But what exactly is an acceptance? Once an offer has been made by someone looking to purchase a property (the buyer), the seller and their agent can then make a decision as to whether this is an offer they want to accept. If they agree, both parties have now entered a mutual acceptance. An acceptance requires no signing of contracts, and is non-binding. In our own Broker, Tom Crimmins' words, "An…

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