Blog > What Does “Under Contract” Mean in Real Estate?
When a home is “under contract,” it means the buyer and seller have agreed to terms, but the sale hasn’t closed yet. During this time, contingencies such as financing, inspections, and appraisals must be satisfied. If everything goes smoothly, the sale progresses to closing. If not, either party may renegotiate or exit under specific conditions. Being under contract signals that the property is spoken for — but not yet officially sold.
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