What Does “Under Contract” Really Mean?

You’ve found the perfect home—or maybe just got an offer on yours—and suddenly, the listing says “Under Contract.” But what does that actually mean in Louisiana real estate? And is the deal truly done?

Let’s break it down.

Definition: Under Contract

“Under Contract” means that the buyer and seller have agreed on terms, signed a purchase agreement, and are now working toward closing. However, the deal is not final until all conditions (called contingencies) are satisfied.

Common Contingencies Include:

• Inspection: Buyer has the right to inspect and request repairs.

• Appraisal: Lender verifies home value aligns with loan amount.

• Financing: Buyer must secure a mortgage.

• Title Search: No legal issues should prevent transfer of ownership.

Until these are cleared, the home can still go back on the market if the deal falls through.

Can You Still Make an Offer?

In most cases, yes—you can submit a backup offer. If the primary buyer backs out, your offer becomes next in line.

For Sellers: What to Expect

Once under contract, our team manages everything behind the scenes:

• Schedule and attend inspections

• Coordinate appraisal

• Work with title company

• Guide you through repairs, deadlines, and closing docs

Final Thoughts

“Under Contract” is a big milestone—but it’s not the finish line. That’s why it’s so important to have a trusted agent managing the details.

📞 Questions about your home sale or purchase status? Call Tracy Mathis at (225) 268-1110 or visit WorkWithTracy.com to get clarity from the pros.