“Accepted Offer” vs. “Fully Executed Purchase Agreement”

Real Estate Jargon 101

What’s the difference between an “accepted” offer and a “fully executed” one?

Absolutely nothing.

As a former corporate attorney, I actually prefer the latter term, because it’s just a tad more precise, descriptive, etc.

However, it can also sound a bit . . . intimidating (especially the “executed” part).

Which is why in practice, most Realtors seem to go with “accepted offer.”

See also, “Working With Buyers: Contracts vs. ‘Paperwork'”; and “Final Acceptance” ” Real Estate Edition.”