Acceptance

When a seller agrees to a home buyer's offer

Acceptance is the first stage in negotiating to buy a home. It can be either (1) a written or verbal "yes"; or (2) a conditional answer that needs further negotiation, such as "I'll accept if you pay $2,000 more." Since a verbal acceptance is difficult to enforce, make sure to also ask for it in writing. Once acceptance is final, the buyer moves on to stage two, selecting a mortgage.

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