By default, the system is configured to have a 10 day period before both your Offer or Option agreements must be accepted by the seller. Your Offer by default is set to expire in 90 days from the time you generate the document, and your Option agreement is set to expire in 180 days.
You can change these default settings under ‘Customize> Letter Template Settings‘
- Default Offer Accept By
- Default Option Accept By
- Default Offer Expires On (Close of Escrow)
- Default Option Expires On
You can also set these time periods on a property by property bases from the Edit Property screen under the ‘[ADMIN ONLY] – Property Research‘ section.