Question: We signed a contract to sell our house, and gave the buyers certain time limits. From the date of “contract ratification” they had 7 business days to have the house inspected, and 30 days in which to obtain financing.
Exactly what constitutes “ratification”? A REALTOR® friend told us that a contract is ratified when all parties sign off on the contract document, but a lawyer friend said it starts when all contingencies have been removed.
Who is right?
Click here to read article.