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What Does Active Under Contract Mean

What Does Active Under Contract Mean. When the transaction is complete, the status of the home will show that it has sold. To break it down even further, this contractual offer takes the property off the market and prevents the seller.

Can You Buy a Home That’s Active Under Contract? NY Rent Own Sell
Can You Buy a Home That’s Active Under Contract? NY Rent Own Sell from www.nyrentownsell.com

Houses can be listed as “active under contract” until the buyer and seller close on the house. What does active under contract mean. “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.this term is primarily used in the state of california.

During The Active Phase Of The Contract, The Owner Must Wait Until The Buyer`s Unforeseen Events.

What does “active under contract” mean? First, here's how they display the status names: If there are bids, then the seller has yet to accept one yet.

What Does Active Under Contract Mean?

“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. Active under contract is a real estate term that indicates the status of a property. What does active under contract mean.

Active Under Contract Is When There Is A Conditional Or Unconditional Accepted Offer.

The written offer is a binding agreement. “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.this term is primarily used in the state of california. This word is mostly used in united states, but it is also used in other countries.

What Does It Mean When A Listing Is Active Under Contract?

When a property is placed on the market, it is classified as “active”. Pending means that the sale is closer to closing. What does it mean when a house is active under contract?

Active Under Contract Indicates That Some Contingencies Are Outstanding.

A property is said to be “active under contract” in real estate when the seller and a potential buyer have agreed on a sales price and are in the early stages of the transaction. Pending means that the sale is closer to closing. The sale of a real estate property can be categorised into the following categories according to.

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