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
What Is a Bidding War, and How Can Buyers Compete Effectively?
A bidding war occurs when multiple buyers submit offers on the same property, driving the price above list value. To compete effectively, buyers should be fully pre-approved, offer flexible terms, and sometimes include an escalation clause to automatically increase their bid up to a set limit. A per
Why Do Some Homes Stay on the Market Longer Than Others?
A home that lingers on the market typically suffers from one or more of three issues: price, presentation, or exposure. Overpricing is the most common — even beautiful homes can struggle if they’re out of sync with market data. Poor presentation, outdated photos, or deferred maintenance can also tur

Gordon Hageman
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