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,┬áit 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.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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