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, under Contract Form
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People also ask
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Can a seller accept another offer while under contract?
While laws vary by state, in general, up until that contract is signed by both parties—even after counteroffers have been sent out—all new offers can be considered and accepted. Once both parties have signed it, however, the seller is pretty much locked into the deal. -
Can you make an offer on a house that is active under contract?
The home sale may be in its early stages, or both parties are still waiting for certain contingencies to be met. If you're a buyer interested in a home that's active under contract, you can typically still submit an offer. Just note that it will likely remain as a backup option. -
What does it mean to perform under contract?
: required to provide something (such as work or a service) ing to the terms stated in a contract. -
Is pending the same as sold?
However, the deal is not yet finalized — hence “pending” and not simply “sold.” If you're interested in a pending property, your agent should consult with the seller's agent to learn more about the status. You may still have a chance, though it is likely slim. -
Which is better pending or under contract?
Homes under contract have an accepted offer, but there's still time to put in a competing one. Contingent home sales are on hold, but only for as long as it takes to meet stipulations. Pending homes are on their way to a final sale, barring any extraordinary circumstances. -
Can a seller accept another offer while under contract?
While laws vary by state, in general, up until that contract is signed by both parties—even after counteroffers have been sent out—all new offers can be considered and accepted. Once both parties have signed it, however, the seller is pretty much locked into the deal. -
What is difference between pending and under contract?
Under contract comes right after a buyer's offer is accepted, while pending sale is the last stage before finalizing a deal. While contracts can fall through during either stage, its occurrence is far more likely when a deal is under contract. -
Do pending sales ever fall through?
Pending means that the seller has accepted an offer, but there are several things that can go wrong until the transaction is final. Although a pending sale falling through is somewhat rare, it doesn't mean prospective buyers should skip past these homes.
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