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.
Under Contract. When an owner accepts a written offer, he countersigns the offer to purchase agreement. This agreement is a contract so signing places the property under contract. Once a property is under contract, the contract is binding and the seller cannot change her mind and sell to someone else. However, if you are still interested in the property, you can submit a back-up offer. If the contract falls through, you could be first in line to buy the property.