Can you guys tell me what the 72 hour real estate clause means to us in this situation?

Can you guys tell me what the 72 hour real estate clause means to us in this situation?
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1 Answer

Answer :

From the time of notice of the other offer on that other house you have 72 hours to execute the offer you made on the other house that was accepted with this 72 hour contingency clause in your offer. If you fail to execute the terms of your offer in that time period the seller is free to accept this other offer if they choose to do so.
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