What does "tying it up" mean in real estate jargon referring to a writen contract?

0 ⤊

What does "tying it up" mean in real estate jargon referring to a writen contract?

2007-12-09 19:10:40 · 2 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay

2 answers

In Real Estate jargon, "tying it up" can mean two things: It can mean that some part of the contract cannot be signed and it is "tied up" due to that problem. It usually refers to getting the contract signed by all parties, and having some sort of compensation paid, such as earnest money or the full amount.

2007-12-10 09:41:35 · answer #1 · answered by loufedalis 7 · 0⤊ 0⤋

finalizing/formalizing the contract by signing.

2007-12-10 03:18:30 · answer #2 · answered by schtick.trogs 4 · 0⤊ 0⤋