After I had the house under contract, I met with my contractor a week later at the property for a repair estimate. While we were there, a group of people arrived, I assume another agent, and three different contractors. My contractor immediately asked if I was sure I had it under contract, when I confirmed it, we proceeded to do our estimations.
As the other people there, who did not speak or ask any questions, went about checking and measuring and discussing details, I over heard the lady say 'we need to move fast on this one' in a hushed tone.
It has been my understanding that the contract meant off the market. How is it that it is still available for others to 'need to move fast'? Is this normal?
I thought about it as if it was a new Mercedes-Benz. If I put down a deposit, (in earnest), for the vehicle to not be sold, could the sales people (agents), still allow test drives, and mechanics, and friends to look it over as if it were still available?
Please help me understand this part of it, I have another question depending on the answer.
Thank you
Henry