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DrTre

30 Day (Hold) Contract?

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I was talking with someone this morning and she said her and her husband were trying to buy a house. SHe said she saw one that she liked and was going to get an inspector out to look at it.

 

She said they signed some type of 30 day "hold" document that puts the house off the market while they have it inspected and other things. I've never heard of any type of hold document. Can someone shed some light on this?

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I was talking with someone this morning and she said her and her husband were trying to buy a house. SHe said she saw one that she liked and was going to get an inspector out to look at it.

 

She said they signed some type of 30 day "hold" document that puts the house off the market while they have it inspected and other things. I've never heard of any type of hold document. Can someone shed some light on this?

 

I guess anything is possible in a slow market. Or she could just be confused that she has a 30-day time limit on an inspection contingency.

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