Home Buying in Lovell : Real Estate Advice

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Margaret Mit…, Real Estate Pro in York, ME
Margaret Mitchell answered:
What does it mean if you bid on a house and the other agent tells you that it has contracts pending? How long for the listing?
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.
0 votes Share Flag Thu Aug 15, 2013 Home Buying in Lovell
David Roberts, Real Estate Pro in South Portland, ME
David Roberts answered:
We are interest in a house listed as under contract. what does under contract mean? How long before we know if sale is going forward?
Hello

Under Contract means that an offer has been accepted on the property subject to whatever contingencies the buyer has asked for such as inspections, financing, needing to sell a ... more
0 votes Share Flag Sun Mar 13, 2011 Home Buying in Lovell
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