What Is A Cooling Off Period?
A cooling off period is a set period of time, usually a few days, during which a buyer of a property has the right to cancel their contract with a fee (the fee differs in each state). This period is designed to provide peace of mind for the buyer, giving them time to fully consider the purchase and make any necessary arrangements before making a final decision. Here are a few key points to be considered when reviewing your cooling off period.
