what does in contract mean in real estate

Best answer

Under contract, real estate listings are those where thebuyer and seller have agreed on many of the terms of the sale, like the price, closing date, and contingencies. Under contract, in contract, and under agreement are often substituted for one another. These terms mean the same thing.

People also ask

  • What does it mean when a property is under contract?

  • A: Under Contract means that the sellers have accepted an offer from a buyer, but that the sale has not yet been completed. Typically it takes 30-45 days from the date an offer is accepted until…

  • What does it mean when a listing says it’s under contract?

  • When a real estate listing says it’s 渦nder contract,?that means a buyer has made an offer and the seller has accepted. But it doesn mean the deal is done yet.

  • What does’under contract’mean when buying a home?

  • You’ve decided to buy a home and whether it’s your first home or your tenth you’re likely to stumble across homes that are listed as ‘under contract’ on the real estate listing. Homes under contract in real estate mean there is a contract on the home and is pending sale OR the home is listed as contingent – Both have differences in their meaning.

  • What does’active with contract’mean when buying a house?

  • A: In Florida when something is listed as Active With Contract it means that there is an executed contract on the property but the seller is also seeking back-up offers. We see it mostly on short sales.

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