What does contingent active under contract mean

Aug 21, 2012 What does “active status” mean? clause exists in a purchase contract that allows one party to withdraw under certain circumstances.

Feb 13, 2019 If the home does not close, the contract can be terminated. looking for homes will steer clear of a property that is under contract because they  It means they are under contract to sell to a buyer, but that they are continuing to market the property in order to solicit backup offers. For example, the buyer may  In addition to simply 'active' for sale listings there are pending and contingent listings, homes not What can you do if you really want this property? A home listing marked as 'pending' means it is already under contract with another buyer. Feb 28, 2017 If a property is said to be under agreement or contingent or pending or under contract or active with contract or have a signed offer - it means  Feb 3, 2015 Just because there is an offer does not mean the seller will consider other Active Contingent – Listing is under mutually accepted contract, 

Oct 26, 2014 If you get an offer that's contingent on the sale of your buyer's home, you'll the status of your listing from “active” to “pending” or “contingent. That means you won't be able to line up back-up buyers who can step in if things fall through. If you do decide to decline an offer, remember to do so politely and 

If a home's status is "active contingent" it means that the buyer has submitted an offer with contingencies, or issues that must be resolved before the sale can be finalized. The most common contingencies are the home passing an inspection, the buyer getting approved for a mortgage, and the buyer being able to sell his old home. When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. Days on Market (DOM) and Cumulative Days on market (CDOM) will continue to accumulate when a listing is in Active Under Contract status. The reason the word "Active" is used within the contingent status is that the property is still actively marketed since the buyer's contingency of selling their current home may not be satisfied as is stated in the contract. Contingent. A contingent status means that the seller has accepted an offer and the home is under contract. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state. You'll occasionally see the word "contingent" in a home's under-contract status. This means the contract contains one or more stipulations. The sale proceeds only if the stipulations are met.

Contingent. A contingent status means that the seller has accepted an offer and the home is under contract.

Sep 16, 2016 You SHOULD NEVER market your home as under-contract unless you This does not mean that you should "never" use a first right of refusal agreement. ( there are only 4 out of the 1,697 active listings as I write this article),  Aug 21, 2012 What does “active status” mean? clause exists in a purchase contract that allows one party to withdraw under certain circumstances. Pending. Under Contract. Active/Backup. In real estate, what do these terms mean?

Dec 5, 2019 First of all, what does contingent mean? And that's baked into the contract between the buyer and seller. During that period of time, the listing is usually still active (aka, other people can still make offers on the house)—but not always. This would fall under the “physical” contingency, and the buyer can 

Jul 26, 2017 The listing may be either “active-contingent,” “contingent,” “under contract” or “ active with contract.” These terms mean that the homeowner has 

The reason the word "Active" is used within the contingent status is that the property is still actively marketed since the buyer's contingency of selling their current home may not be satisfied as is stated in the contract.

But Active Contingent generally means that the home in question is available but with an offer accepted with a contingency. Buyer One has got there first, but they have a home to sell before they can complete. Active Contingent means you can put in an offer – the home is available. Active Option Contract (Here's what it means for you) The status of real estate in Texas can sometimes be a tricky thing, especially if you don't use these terms very often. Some of the most confusing terms: Active Option Contract; Kick Out; Contingent; Backup; and, Pending (just to name a few).

But Active Contingent generally means that the home in question is available but with an offer accepted with a contingency. Buyer One has got there first, but they have a home to sell before they can complete. Active Contingent means you can put in an offer – the home is available. Active Option Contract (Here's what it means for you) The status of real estate in Texas can sometimes be a tricky thing, especially if you don't use these terms very often. Some of the most confusing terms: Active Option Contract; Kick Out; Contingent; Backup; and, Pending (just to name a few). An active contingent property is under contract with another buyer, but the final sale of the home is dependent (contingent) on a specific set of criteria that must be met. If the property falls short of those expectations, the buyer is able to rescind their offer.