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Oct 6, 2022 · When a real estate listing says “under contract,” it means a buyer made an offer and the seller accepted. But you might still have a chance.
- Contingencies
These are some common contingencies that could delay a...
- Steps to Buy a House
The steps to buying a house for the first time might seem...
- 6 Questions to Ask Your Real Estate Agent Before Buying a Home
But when a seller accepts a buyer’s offer, both parties sign...
- Home Appraisal
Whoever takes out the mortgage pays for the home appraisal,...
- Julie Ryan Evans
Julie Ryan Evans is an editor and writer who has covered...
- Contingencies
Learn what it means when a house is under contract and how it differs from pending. Find out how to make a backup offer and what to do if the contract falls through.
- What Does It Mean When A Home Is Under Contract?
- What Does Pending Mean in Real Estate?
- What’s The Deal with Contingencies?
- How Does The Real Estate Transaction Process Actually Work?
- If You See A House at This Stage, Is It Too Late to Buy The Home?
- How to Buy A House Under Contract
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When a home is under contract — which is sometimes called “active under contract” — it means that the buyer has made a formal offer on the property and the seller has accepted their offer. While there is a good chance the sale will go through, if your dream home is under contract, you don’t have to necessarily give up hope. We’ll explain why in a m...
For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. Once a property is listed as pending, the home is much closer to actually being sold than when it’s under contract.
If a home is listed as being a contingent sale, that doesn’t mean the home is sold or an offer has been made. Instead, it refers to the sale of the home being dependent on a contingency working out. Both sellers and buyers can come to the table with contingencies that are required for the sale to go through (such as the buyer selling their current ...
It’s hard to conceptualize what these different sales terms mean if you aren’t familiar with what it takes to buy a home. This brief overview will give you an idea of how the process works and what order each of these statuses come into play. Step 1: The buyer tours homes and finds one they want to make an offer on. Step 2: The buyer makes a formal...
Not necessarily, especially when you take this fact into consideration: Real estate agents may use these status terms interchangeably if their multiple listing service (MLS) doesn’t have a tag for the applicable status. When you come across a home on an MLS, you can’t always take its current status at face value. It’s always worth asking your real ...
If a house is under contract, but you’re set on making an offer, your real estate agent will walk you through how to buy a house under contract. For some background information, here’s what the process generally looks like.
Learn what these real estate terms mean and how they affect your chances of buying a home. Find out how to make an offer on a house that is under contract or pending, and what contingencies are involved.
- Jacqueline Demarco
6 days ago · Learn the difference between pending and under contract in real estate, and how they affect your chances of buying a house. Find out what contingencies, appraisal, inspection, and title issues mean for the deal.
Apr 25, 2024 · Learn what it means when a house is under contract and how contingencies can affect the deal. Find out how to make a backup offer and when to walk away from a contract.
Jan 3, 2024 · Learn what "under contract" means in real estate and what contingencies might be involved. Find out how to make an offer on a home that's under contract and what status tags indicate different stages of a sale.
Learn what under contract means for home buyers, and how it differs from pending status. Find out how to make a backup offer and what to do if a contract falls through.
