If you put an offer on a property you are most likely making that offer by signing a contract with your offer terms. The contract will be reviewed and validated when the seller of the property agrees to and signs the conditions you’ve put forth. In the event the seller, makes any modification to the contract it becomes a counteroffer subject to your approval and acceptance to be validated. Once the seller and buyer agree to the terms of the contract and sign it, a three-day attorney review period begins. In this period you and your attorney are able to review the contract and make any modifications that you deem necessary to protect your interest. For new construction homes, the attorney review period is extended to seven days.