What Does It Mean When a Home is Under Contract in the LBI Real Estate Market?
Long Beach Island Real Estate
When entering into a Long Beach Island real estate transaction, there are several different classifications for the status of a home. All buyers and sellers in the LBI real estate market should be familiar with these classifications to better understand the actual state of a home listed for sale. Some of the property classifications are obvious. For example, a closed status means the home has been sold, but others are more ambiguous. Chief among these less understood terms are:
- Active Under Contract
- Pending
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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