Property Under Contract


Definition of "Property under contract"

Eric Grasman real estate agent
Eric Grasman, Real Estate Agent Fridrich & Clark Realty LLC

Real property being offered for sale that has received a contract for sale but has not gone to a closing. Under these circumstances, it may be possible to accept a refundable binder for sale to a different purchaser should the original contract for sale not be completed.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Real Estate Terms

Popular Real Estate Questions