If you`re looking to buy a home in Scituate, Massachusetts, you may have come across the term “homes under agreement.” But what does it mean, and how can it affect your home search? Let`s take a closer look.
First, let`s define what “homes under agreement” means. This term refers to homes that have a signed purchase agreement between the seller and buyer, but the sale has not yet closed. The home is essentially off the market for new offers, but the sale is not final until the closing date.
So why should you be aware of homes under agreement when searching for a home in Scituate? For one, these homes may not be available for showings or offers, depending on the seller`s preferences. However, it`s also a good sign that the Scituate real estate market is active and competitive.
Homes under agreement indicate that there is demand for homes in the area, and buyers are willing to make offers to secure their dream home. This can mean that home prices may be on the rise, but it can also mean that there are more options available for buyers.
If you`re interested in a home that is under agreement, it may be worth keeping an eye on the transaction until it closes. Sometimes, deals can fall through or the home may be put back on the market due to unforeseen circumstances. If the home is still available after the deal falls through, you may have a chance to make an offer.
Overall, homes under agreement in Scituate can be a sign of a healthy real estate market and an active community of buyers and sellers. While it may limit your options temporarily, it can also give you an idea of what type of homes are in demand in the area. Keep an eye on these homes and the market trends to make the most informed decision possible for your home search.