What Does 'Under Contract' Mean in Real Estate?
What Does 'Under Contract' Mean in Real Estate?
When a property is 'under contract,' it is still not officially sold, but the buyer and seller have agreed on contracts.
A belonging listed as under contract means the seller has accepted the buyer's offer, and both parties have entered into a contract of sale.
Still, a few criteria must be met before the sale can be confirmed according to this con...
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