What Does ‘Under Contract’ Mean in a Real Estate Listing?

When a real estate listing says it's “under contract,” that means a buyer has made an offer and the seller has accepted. But it doesn’t mean the deal is done yet. The post What Does ‘Under Contract’ Mean in a Real Estate Listing? appeared first on Real Estate News & Insights | realtor.com®.
http://dlvr.it/SbmKq2

Comments

Post a Comment

Popular posts from this blog

What Every Seller Needs To Know About Renovating This Year

Image
What Every Seller Needs To Know About Renovating This Year If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you’re making your list of projects to tackle this year. 1. The Number of Homes for Sale Is Very Low Housing inventory  sits far below what is normally considered a balanced market. In fact, according to the  National Association of Realtors  (NAR), the latest data indicates inventory is hitting an all-time low. Because there’s such a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quick process. But you wan...
Read more

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Image
  Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for  strong demand  for the item coupled with a  limited supply . That  maximizes your leverage  when you’re negotiating the sale.  Home sellers  are in that exact situation right now. Here’s why. Demand Is Very Strong According to the latest  Existing Home Sales Report  from the  National Association of Realtors  (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains: “Sales for the entire year finished strong, reaching  the highest annual level since 2006 . . . . With mortgage rates expected to rise in 2022, it’s likely that a portion of December bu...
Read more

A Real Estate Professional Helps You Separate Fact from Fiction

Image
A Real Estate Professional Helps You Separate Fact from Fiction If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you. Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context. Myth 1: Home Prices Are Going To Fall One piece of fiction many buyers may have seen or heard is that  home prices  are going to crash. That’s because headlines often use similar, but different,  terms  to describe what’s happening with prices. A few you might be seeing right now include: Appreciation , or an increase in home prices. Depreciation , or a decrease in home prices. And...
Read more