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Cooling Off Period

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    12th Sep, 2006

    The cooling off period refers to the period during which the purchaser may withdraw from the purchase, after exchange of sale contracts of a property. The cooling off period can vary from state to state, but is usually between 5-10 days, and can be negotiated between both seller and purchaser.

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