How To Buy A House Under Contract Apr 2026

Both parties sign a written agreement. To be legally enforceable, this must be in writing .

You and the seller agree on a purchase price, down payment, and interest rate. how to buy a house under contract

Once the final payment is made, the seller signs a warranty deed to transfer ownership to you. Pros & Cons: Both parties sign a written agreement

❌ You have fewer legal protections than with a traditional mortgage. If you miss a single payment, you can be evicted quickly and lose all the money you’ve already paid. 2. Buying a House Already "Under Contract" Home Buying: Under Contract vs. Contingent vs. Pending how to buy a house under contract

You move in immediately, but the seller keeps the legal title until you pay the full purchase price. The Process: