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Updated over 10 years ago,

Jared Knudson's profile image
Jared Knudson's profile image
Jared Knudson
  • from Centennial Park, Arizona
  • Member since Aug 13, 2014
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User Stats

24
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8
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Jared Knudson's profile image
Jared Knudson's profile image
Jared Knudson
  • from Centennial Park, Arizona
  • Member since Aug 13, 2014
Connect
Jared Knudson
  • Centennial Park, AZ
8
Votes |
24
Posts
Buying & Selling Real Estate

What does under contract mean?

Jared Knudson
  • Centennial Park, AZ
Posted

Hey everyone,

I'm new to the field, and had a quick question.  I hear people say that they have something "under contract."  What does that mean?  Does that mean that they've made a commitment to buy the property for a certain price and the seller has agreed to it as well?  What exactly is in the "contract?"

Thanks in advance!

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