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.

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