What is the meaning of Under contract?

Under contract is the period of time after a seller has accepted a buyer's offer to purchase a property and during which the buyer is able to perform its due diligence and finalize financing arrangements. During this time, the seller is precluded from entertaining offers from other buyers.

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APABarry Goldsmith. (2010). under contract. Retrieved September 20, 2026, from http://smartdefine.org/under_contract/definitions/1165806
ChicagoBarry Goldsmith. 2010. "under contract" http://smartdefine.org/under_contract/definitions/1165806 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, under contract, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/under_contract/definitions/1165806>.
MLABarry Goldsmith. "under contract" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/under_contract/definitions/1165806>