WebJan 3, 2024 · Active Under Contract. “Active Under Contract” is a real estate term that describes the status of real property (single-family home, condo, townhome, etc.) that … WebMay 9, 2024 · The key difference between active under contract and pending is the seller’s choice. With pending, the seller has said that they are comfortable with the contract, and no longer want to show and market the home. Pending is for properties that have an accepted contract and the seller has instructed their agent to cease marketing and/or showing ...
Active under contract (Contingent) vs Pending: can you still …
When a buyer adds contingencies to an offer, they’re requesting that the sale be contingent upon certain criteria being met, a step that provides them with legal and financial protection. The sale isn’t a done deal the day the contract is written. If a seller accepts a contingent offer, it may take several weeks for all … See more “Active under contract” and “pending” are two different statuses in home sales. Both are used once a seller has accepted an offer from a buyer and the two parties are under contract. But while active under contract generally … See more It is often possible to make an offer on a house that’s listed as active under contract, but you shouldn’t get your heart set on this type of property in case all of the contingencies are satisfied and the sale goes through. … See more Falling in love with a home that’s active under contract isn’t the end of the world—but it does reduce the likelihood of landing the sale. Since being active under contract means that the seller has already accepted an offer … See more WebFeb 17, 2024 · Under contract means that the owner of a home and a potential buyer have had their first “meeting of the minds” agreement. Basically, the seller has informally accepted an offer, as long as all the contingencies are met. Most sellers and/ or realtors will continue to show a home under contract in case the current contract falls through. mlf fan pass account
What is Active Under Contract in Real Estate?
WebJul 26, 2024 · To recap, Active under contract means that a real estate listing has a potential buyer, but contingencies are in place. This real estate term is used interchangeably with Contingent status. You’ve still got a chance to buy this home, as up to 10% of homes fall out of contract during the contingency period. So if it’s the house of your ... WebJul 15, 2024 · However, with a property sale, your listing will move through different stages: Active (you’re on the market, accepting showings and offers!) Active – under contract (that’s you now! You’ve signed with a buyer but it’s not a done deal.) Active contingent (another way to say you’re under contract, in the early stages.) WebAug 1, 2024 · When does a property go from active to under contract? A property’s status is set to “Active” when posted to a Multiple Listing Service (MLS) and then subsequently updated to Active Under Contract when an offer is accepted until the deal closes or is cancelled. After closing, the status changes to “Sold.” inhibits fat storage