Asked by: Gemma Lenza
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What does active under contract mean for real estate?

Last Updated: 2nd March, 2020

Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed.

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People also ask, what is the difference between active under contract and pending?

The difference between Active Under Contract and Pending Status in Bright. When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. This property is currently under contract and is pending settlement.

Similarly, what does contingent active under contract mean? Definition of Active Contingent When a home is listed as "Active Contingent" or "Active with Contingencies," it means the seller has accepted an offer from a buyer and a Purchase and Sale Agreement exists, but that certain conditions (or contingencies) must be satisfied before the sale can be finalized.

In this manner, can you make an offer on a house that is active under contract?

Active Under Contract Means There's a Written Offer If a buyer makes a written offer and the seller accepts it, the home is active under contract. This is how the listing will show in the MLS. It's up to the seller if they want to continue accepting bids or if they would rather wait to see if the sale goes through.

How long can a house stay under contract?

The closing stage of the home buying process typically takes 30 to 45 days (and even up to 60 days under certain markets during peak periods).

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Pavlina Vazoo

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Can a home seller back out of an accepted offer?

If a home seller accepts an offer, can he change his mind? A home buyer can withdraw an offer at any time until the offer is accepted by the home seller. After that, the seller may owe a commission to the broker, and may sue the buyer for breach of contract to recover the cost of that commission.

Liesbeth Watermeyer

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Can a seller accept another offer while under contract?

Only after the first contract is clearly over can the seller accept the second offer. Linda Walters is a Realtor® with Sage Realty LLC in Wayne, PA. A: Offers from other buyers can be accepted by the seller even if the property is under contract. A: No, not once the offer is accepted and in escrow.

Delirio Latre

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What does it mean when a house is pending under contract?

What doesunder contract-pendingmean? No additional information is provided. Contract - pending means the house has an agreed upon executed contract between Buyer and Seller. The Option period (inspections have been completed and repairs have been agreed) for inspections has passed.

Zoi Eyckmans

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What is pending vs contingent?

Pending. Contingent means the seller of the home has accepted an offer—one that comes with contingencies, or a condition that must be met for the sale to go through. Contingent—Continue to Show: The seller has accepted an offer which hinges on one or several contingencies.

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What happens when a house goes under contract?

What Does Being Under Contract Mean? Once a house is under contract, that means the buyer made an offer on the house, and the seller accepted that offer, but the sale is not final. The transaction needs to be complete for the status of the house to change to Sold.

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Does pending mean sold?

A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn't closed yet. (This is different from a contingent sale.) But there's still a chance the home can be up for grabs again—say, if the home inspection doesn't check out or the buyer can't pull together the financing.

Mounira Minniakhmetov

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Can we put an offer on a house that is pending?

If a house is “pending,” that means there's an active purchase agreement on the house. In most cases, a realtor can still show you the house and you can make a backup offer if you so choose. However, your offer cannot be accepted unless the first offer falls through.

Selva Menendez

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What is the difference between under contract and contingent?

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

Djamal Volzgen

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Can you look at a house that is contingent?

When you are looking at online home listings, "active" status indicates that the property is available for sale. But with a contingent listing, the contract is contingent upon the buyer's ability to sell his existing home, i.e., if the buyer doesn't sell his home, he is able to back out of the contract.

Clemence Rupa

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What is the difference between pending and contingent in real estate?

When a property is marked as contingent, an offer has been accepted by the seller. 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.

Bochra Blankenbuhler

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What does it mean if a home is contingent?

A contingent offer means that an offer on a new home has been made and the seller has accepted it, but that the final sale is contingent upon certain criteria that have to be met.

Geert Karwacki

Teacher

How can you tell if a house is under contract?

Look for a “sale pending” rider attached to the sign. You might also see “under contract” or “contract pending.” These riders all mean that the seller has received an offer that's pending on the house. Call the agent or broker representing you as a buyer and give him the address of the house.

Melanio Hazim

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What does active T c mean in real estate?

Active T/C:
This is a listing where the seller has accepted an offer which includes a condition that must be met prior to moving forward with the purchase. It may be that the buyer needs to sell an existing home, is waiting for a tax return, or a number of other things.

Jianliang Ioni

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What is pending to active status?

All about active/pending
"Active" means a property is for sale, and the seller is seeking offers. "Pending" means the property is still technically for sale, but someone has made an offer. It usually means the seller would like to get more offers, says Denise Shur, a Realtor® with 1:1 Realty in San Jose, CA.

Sargis Emerson

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What does it mean when a house goes from pending to contingent?

When a property is marked as contingent, an offer has been accepted by the seller. 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.

Wang Somborn

Reviewer

What is the difference between active kick out and active contingent?

OPT Active Option Contract: Seller has accepted an offer but the Buyer is exercising the option period from the sales contract. KO Active Kick Out: Property has an offer contingent upon the sale of another property by buyer. (Refer to TAR Form 1908) Still available for showings and backup offers.

Assetou Dihlmann

Reviewer

Can you make offer on active contingent?

If a home is listed as Active in the MLS, that means it's available. That part is simple. If it's Pending, or Pending taking Backups, that means the seller has accepted an offer, and optionally may take backup offers. Active Contingent means you can put in an offer – the home is available.

Lamia Vitry

Reviewer

What is an active option contract?

"Active Option Contract" means a seller has accepted an offer to sell a home, but the transaction is in the inspection or "option" period. The option fee cannot be recovered by the buyer if they back out of the sale, even if it's for a reason covered by a contingency in the contract.

Vahagn Grellmann

Reviewer

What does contingent inspection mean?

An inspection contingency (also called a “due diligence contingency”) gives the buyer the right to have the home inspected within a specified time period, such as five to seven days. It protects the buyer, who can cancel the contract or negotiate repairs based on the findings of a professional home inspector.