"Under Contract" in the eyes of the Law means, a fully executed written contract, with the signatures of all parties to the contract. A home can be under contract with contingencies still in place such as a mortgage contingency or home inspection contingency...
Realtors must mark their listing as Pending (reflecting under a contract, usually along with Good Faith money) on the Multiple Listing Service with 48 hours of this transpiring.
If you are unrepresented and need help through the process, feel free to call me anytime at 203-218-6664. I would be happy to send you my guideline to purchasing a home in Fairfield County which offers a step-by-step timeline to the sequence of events you will be encountering.
Happy Home Buying!
'GOLDEN KEY achiever" with over $30,000,000.00 in recent sales!