Blog > What Does "Under Contract" Mean in Real Estate?

What Does "Under Contract" Mean in Real Estate?

by Gordon Hageman

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When a property is “under contract,” the buyer and seller have agreed to terms, and both parties are working through contingencies like inspections or financing. The sale isn’t final yet, but the home is no longer being actively marketed. Once contingencies are cleared and funds are ready, the deal proceeds to closing.

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Gordon Hageman

Gordon Hageman

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