What does Under Contract mean?
22 May 2014
A property for which the seller has accepted the buyer's offer to purchase is referred to as being "under contract".
Generally, the prospective buyer is given a certain period of time in which to perform its due diligence and finalize financing arrangements.
During the period of time the property is under contract, the seller is precluded from entertaining offers from other buyers.
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Global Estate Agency's Junior Sparks is the 2018 Agent of the Year | First-ever recipient of The George Ramsay Memorial Award via the Barbados Estate Agents and Valuers Association.
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