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What Does COP Mean In A Submitted Offer?

What Does COP Mean In A Submitted Offer?

We get a lot of questions about Real Estate in Santa Clarita. This week we’re answering your question what does COP mean?

A: COP stands for Contingency For Sale of Buyer’s Property. When a COP form is submitted along with an offer on a listing, it means that the buyer’s purchase of your home is contingent on the buyers selling their home first, or concurrently. Typically a time frame is established on how long the buyers will have to sell their home. If they cannot perform before the designated amount of time the seller may choose to grant an extension of this contingency, OR cancel escrow and find a new buyer.

If you are considering buying or selling in the coming months, connect with us here, or at 661-505-1051. For all your real estate needs, Mickalson Group.

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Robert Mickalson

Robert & Lexie, at the Mickalson Group, are a top selling real estate team at Re/Max of Santa Clarita. With innovative marketing, negotiation mastery, and their focus on client care... the Mickalson Group brings the results their clients want and need. Specializing in the Santa Clarita Valley home market, they have gained the trust of hundreds of clients who refer them with confidence to friends and family. Interview the Mickalson Group for your real estate needs. Whether you're buying or selling, Robert & Lexie want to ensure your housing goals are met with success.

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