Time of Acceptance on Contracts | JeffTV

What is a good time of acceptance to put down on contracts? Most people put down 2 days, but we never put down 2 days. We typically like to put down the same day if the offer is written in the morning, or if it’s late in the evening, we’ll put down 12:00 noon the next day. The reason a Buyer would want to do a tight time of acceptance on a contract is that the more time that is allotted, the more you’ll be inviting other offers to come in, which means more competition. People can typically make a decision in the time that’s allotted to them. So when you’re writing an offer and you’re on the buy side, make your time of acceptance very tight and get your deals done so that you don’t have that extra competition.

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