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What is the buying a house through real estate process? I was told by agent house was in a contract? Does that mean it is sold or just about sold or does it still have to qualify for loan and insurance for the house? I wanted to make an offer on the house but was told by the agent to call back in two weeks to see if it is still available because it was currently in a contract.. Soooo what exactly does this mean? IS it as good as gone?

1 Thought on What is the buying a house through real estate process? I was told by agent house was in a contract?
  1. Reply
    Something Else
    August 29, 2012 at 1:07 pm

    Means the buyer put in an offer and the seller accepted it. No other offers may be accepted.
    The house is being inspected, title searched and appraised.

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