Porsche's electric Mission E Tesla fighter will be offered in three power levels Report: Porsche's first electric sedan will kick off range with 402 hp, stretch to 670 hp . January 2, 2018
Real Estate Under Contract. The real estate term âunder contractâ means that a binding agreement exists between a buyer and a seller involving property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer.
What exactly does it mean when a house is Under Contract? I have been searching for a house for months and finally found one in my price range that I absolutely love. I have told my real estate agent about the home and we were planning to look at it on Monday. When I looked up the home on the Allen Tate Real Estate Company web site, it says that the home is under contract. I hate to sound ignorant but what does that mean? Update: Also, it is unlikely that I will be able to get this house if it is already under contract?