real estate terms: What does 'Ratified Contract' Mean?
- 04/14/11 12:10 AM
What does 'Ratified Contract' Mean? Dear Holly, We have had our house listed for sale and last week we got a contract. We are waiting to hear back about the Home Inspection right now. Every time I speak with my RealtorĀ® she calls our contract a 'Ratified Contract.' What does this mean? What is the difference between a 'Contract' and a 'Ratified Contract?' Confused in Northern Virginia Dear Confused, Like every other field, Real Estate is a discipline that has its own language. All RealtorsĀ® know the lingo, but we forget that not every one understands
(13 comments)
|
|
|
|