real estate

What is acceptance?

 

What is acceptance?

The Bankrate.com financial term of the day is: "Acceptance"

If you ever made friends in school, if your new neighbors gave you a warm welcome, or if your in-laws took an immediate liking to you, you know all about one kind of acceptance and how good it can feel.

There's another kind of acceptance -- in real estate -- and it also can feel good. Acceptance is a property seller’s formal, written approval of a buyer’s offer.

Acceptance is what you receive when you've successfully made an offer on a home.

To find a great rate on a home loan, visit the Mortgages section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Mustang car tops Empire State

The Ford Mustang just turned 50, and both Ford Motor Co. and Mustang owners are celebrating.  ... Read more


Connect with us