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In real estate, the phrase "Under Contract" means that a buyer and a seller are in the process of completing the sale. Usually the buyer has put down some portion of the purchase price (varies by state, property type, seller comfort, etc.) into an escrow account as "good faith" that they will be able to get financing and close the deal.
Generally, the seller cannot accept any new offers while the property is under contract.
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Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Can you buy a real estate property that has a sale pending?
No. A sale pending implies that the property is under a binding contract.
What are real estate agents paid?
They are paid an agreed upon commission as per the listing contract between the agent and the seller. Buyers and seller are often charged administrative or processing fees to be paid to the brokerage office of their realtor. Real Estate agents are paid a percentage of the commission they collect based on whatever contract they have with the real estate brokerage that employs them.
Who pays real estate rental commission?
You need to check any contract you signed to find your answer.
What does NOI mean in real estate?
by the space
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
What is real estate wholesaling?
Wholesaling is putting a property under contract and assigning that contract to buyer for a fee.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
How do you cancel contract with real estate agent?
Prove that the Real Estate Agent has not completed his/her duties afforded to you in said contract.
Can you buy a real estate property that has a sale pending?
No. A sale pending implies that the property is under a binding contract.
What would be a real estate example of discharge from contract by agreement?
If both parties agree that they do not want to pursue the contract for the purchase and sale of real estate they can mutually agree to void the contract.
Is a Florida real estate contract null and void if the seller dies?
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
What does contract pending mean realestate?
In real estate, "contract pending" means that an offer to purchase has been made and tentatively accepted. The contract is in the process of being finalized and signed by both parties.
Will a real estate contract be vaild if the owner dies before closing in Georgia?
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
What does the real estate standard contract default rate mean?
The real estate default rate is the rate of borrowers that fail to remain current on their loans. When a homeowner is in default, their house may be in danger of being foreclosed on.
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
What is the purpose of having open houses in real estate?
The purpose in having an open house in selling real estate is to show a home to see if high volume buyers would like to purchase and own a home under contract.
