Posted by Lazaro on March 17, 2001 at 19:03:13:
Yes, your are reading the contract correctly. I don’t think it is good to stay with the seller until he signs it. On the other hand I do believe that you should only give the seller 24 hours to accept. Most people give a 24 hours acceptance period. That in my opinion is a safe time for the buyer. It will be hard to get a better offer within 24 hours. You should not pressure the seller so much that he knows that you are getting a good deal. 24 hours is a common time period. Hope that helps.