By default, the system is configured with a 15-day period before both your Offer or Option agreements must be accepted by the seller, these dates are calculated from the date you generate the documents. Your Offer and Option agreements by default are set to expire in 180 days from the time you generate the document. This expiration date is also known as the estimated Close of Escrow or Occupancy Date.
You can change these default settings under ‘Customize> Document Template Settings‘:
You can change the number of days the system uses to calculate from the date the documents are generated under the following fields:
- 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 basis from the Edit Property screen.