Real estate transaction term
"Under contract" means buyer and seller sign a contract.
"Sale pending" means nearly deal is closed(ex. money is deposited).
Could you tell appropriate term before they sign a contract but buyer makes a offer.
Top answer
It is simply called an offer. However, a buyer's offer usually contains terms and conditions (such as the house passing an inspection). If the seller does not accept these terms and conditions, there is no agreement (and no contract).
- It is simply called an offer.
- However, a buyer's offer usually contains terms and conditions (such as the house passing an inspection).
- If the seller does not accept these terms and conditions, there is no agreement (and no contract).
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It is simply called an offer. However, a buyer's offer usually contains terms and conditions (such as the house passing an inspection). If the seller does not accept these terms and conditions, there is no agreement (and no contract).
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