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Real Estate Glossary


- The 72-hour clause

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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.

Related Terms
Mortgage acceleration clause
Cancellation clause
Architectural fees
Assumption clause
Call option
Acceleration clause
Due-on-sale clause
Non-assumption clause
Alienation clause
Rate-improvement mortgage

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