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Home Buying in Lovell : Real Estate Advice

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Activity 2
Wed Feb 8, 2017
Jessica Bateman answered:
Under contract means the sellers have accepted an offer and the buyer is waiting on financing.

You could submit a backup offer in case buyer 1 does not complete the sale for any reason, you would be next in line. You will need to find a lender and get a pre approval letter before doing this. You can find a reputable lender and get a pre approval quickly,

I like The Lenders Network they're usually able to find you a lender that'll give you a approval letter quickly .

Good luck!
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8 votes 7 answers Share Flag
Thu Aug 15, 2013
Margaret Mitchell answered:
In Maine, it should be shown as under contract in the MLS within 5 days. Perhaps they had verbal agreement (which is not binding) but waiting on final paperwork.
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