An emotion felt by first-time homebuyers after signing a sales contract or closing the purchase of a house.Escrow closing
Escrow closes when all conditions of a real estate transaction are met and the title of the property is transferred to the buyer.The 72-hour clause
When a buyer has a house to sell before they can purchase another home, most sellers insist on a 72-hour clause. In the event of a better offer coming in before the contingency is settled, this clause entitles the seller to give the buyer 72 hours to remove the contingency or lose the house.
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