House Active Under Contract Meaning
House Active Under Contract Meaning. But it's still near the start of a process that can extend for weeks, or even months. When a real estate listing says it's “under contract,” that means a buyer has made an offer and the seller has accepted.
When a home is active under contract it means that a buyer has made an offer on the home and the seller has accepted, but the sale is not yet final. It doesn't mean there haven't been any offers yet, it just means the buyer has no offer that they've accepted. When a house is “under contract,” it means your official offer has been accepted, but the sale isn’t yet final.
However, They Can Receive Back Up Offers, Which Allows The Seller To Enter Into A Contract With Another Buyer Should The Initial Contractual Contingencies Go Unfulfilled, And The Sale Falls Through.
What does active under contract mean? An active listing means the house is on the market and available for purchase. For example, the seller of the home has accepted the offer from the buyer, but the deal is not yet closed.
When A House Is Listed Active Contingent Status, It Means A Buyer Has Made An Offer That The Seller Has Accepted.
What does ‘active contingent’ mean? A few key things to know about a property that’s deemed “active under contract:” When a listing is in active under contract, that property is under contract, but is still accepting showings and being actively marketed.
The Sale Isn’t A Done Deal The Day The Contract Is.
When a real estate listing says it's “under contract,” that means a buyer has made an offer and the seller has accepted. An under contract status means there’s an accepted offer on the house, but the sale is still in an early, and perhaps precarious, stage. To break it down even further, this contractual offer takes the property off the market and prevents the seller.
What Does Active Under Contract Mean?
When your real estate listing goes from “active” to “pending,” it means you’ve accepted an offer, but the sale hasn’t closed yet. Active under contract is a real estate term that indicates the status of a property. Active under contract vs pending when a property is listed as “active under a contract,” there are conditions/contingencies that must be met before the deal can close.however, when a property is listed as “pending,” all the contingencies have been met and the deal is.
When You See The “Active Option Contract” Status, It Indicates That The Seller Has Accepted An Offer, But It Falls Within The Option Period.
Has to do with the statues of a real estate listing. A pending sale is one that’s moving toward closing. There is a bit of a cost to the seller from going with active under.
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