What Does Active With Contract Mean. Active under contract is a real estate term that tells you the status of real estate that has been put up for sale. This means that the buyer has made a formal offer on the property, and the seller has accepted it.
When a property is placed on the market, it is classified as “active”. The real estate terminology used on yard signs (and websites) varies by state, region, and local real estate market. When a home is active under contract it means the buyer has accepted an offer from the seller, but that the deal is in the early stages and hasn't yet closed.
The Owner Has Found A Possible Renter.
Normally waiting on deposits but they aren't 100% sure they are coming. When a homeowner hires a real estate agent or broker to sell their property, the real estate professional creates an mls list for the property. The meaning of active under contract explained certain requirements (such as a completed property inspection) must be met before the transaction may be finalized.
With The House Marked “Active Contingent,” A Condition Or Two Must Be Fulfilled Within A Set Period Of Time In Order For The Sale To Proceed.
When a house is listed active contingent status, it means a buyer has made an offer that the seller has. What does active under contract mean. However, this is not a requirement.
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Up at the top, though, the technical status listing also says active under contract. zillow: An active listing means the property is still on the market and the seller is accepting offers. Active under contract is a real estate term that refers to the status of a property.
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Houses can be listed as “active under contract” until the buyer and seller close on the house. The real estate terminology used on yard signs (and websites) varies by state, region, and local real estate market. It means that the seller has accepted an offer from a buyer, but the deal hasn't yet closed.
Active Under Contract Indicates That Some Contingencies Are Outstanding.
Not saying its off the market yet but could be soon. The seller has accepted a contingent offer from the buyer. Pending means that the sale is closer to closing.