Once all of the contingencies have been removed and the active contingent stage is completed, the property will show a “ pending ” status. This means the closing is not far away. At this point in time, the chances of this property going back on the market are slim -- but not completely impossible. 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. What does active contingent mean in real estate? 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. Active Contingent means you can put in an offer – the home is available. There’s a pretty simple Texas Real Estate Commission form that governs contingent purchases, and I’ll go through it briefly here. Active means that the property is still being shown and the seller is still entertaining offers. Contingent means that an offer has been accepted but there are one or more contingencies that have not been satisfied. They could be a due diligence or inspection contingency, a finance, What does it mean when a house goes from active to contingent? When a listing status is “active,” the home has not yet received any accepted offers and buyers may tour the home and make an offer. When the status changes from “active” to “contingent,” the home is still technically in an active status because other offers can typically still be made on the property, depending on how the contingency agreement is structured by the buyer and seller. So, if you have been eyeing a
Does “active” paired with “contingent” mean that the property can still be yours, if you make the right offer to a seller? Read on for some explanation about this real estate listing status and for some insight into making an offer that will make the seller and buyer happy when a property is labeled contingent. What does ‘active Seems to me that they have an accepted offer, but since there are contingencies to be removed, and typically there will be a contingency of the loan approval that may not be removed until the estimated closing date. Seems the Listing Agent want ot ACTIVE CONTINGENT STATUS. The Contingent status in Texas real estate means that a buyer has placed a contract on a property which has been accepted by the seller, and the buyer's purchase is contingent upon the sale of the buyer's current home. The reason the word "Active" is used within the contingent status is that the property is still What does active contingent mean in real estate? It shows the purchaser is motivated to buy and is interested in the property, and all the needed logistics related to the transaction are in place, where the logistics and paperwork can help to close the deal.
If it's a real estate short sale, meaning the lender must accept a lesser amount than the mortgage on the home, a contingency could mean that the buyer and seller are waiting for approval of the
What does it mean when a house goes from active to contingent? When a listing status is “active,” the home has not yet received any accepted offers and buyers may tour the home and make an offer. When the status changes from “active” to “contingent,” the home is still technically in an active status because other offers can typically still be made on the property, depending on how the contingency agreement is structured by the buyer and seller. So, if you have been eyeing a What does under contract mean in real estate? As with a contingent property, a home that is active under contract is one where the buyer and the seller have agreed to terms, but the deal is still in its early stages and may not come to fruition. You can still make an offer on a property that is under contract, and if it is accepted and the first deal falls through for some reason, you will be in position to purchase. 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. For example, the home might have to pass inspection, the buyer needs to secure financing, or a number of other possible contingencies. Either way, the listing is still technically active until the contingency has been met. If it's a real estate short sale, meaning the lender must accept a lesser amount than the mortgage on the home, a contingency could mean that the buyer and seller are waiting for approval of the Active Contingent means you can put in an offer – the home is available. There’s a pretty simple Texas Real Estate Commission form that governs contingent purchases, and I’ll go through it briefly here. Contingent on What? In the original offer that has been accepted from Buyer One, it is subject to another house being sold by a certain date.
What does active contingent mean in real estate? 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. Active Contingent means you can put in an offer – the home is available. There’s a pretty simple Texas Real Estate Commission form that governs contingent purchases, and I’ll go through it briefly here. Active means that the property is still being shown and the seller is still entertaining offers. Contingent means that an offer has been accepted but there are one or more contingencies that have not been satisfied. They could be a due diligence or inspection contingency, a finance, What does it mean when a house goes from active to contingent? When a listing status is “active,” the home has not yet received any accepted offers and buyers may tour the home and make an offer. When the status changes from “active” to “contingent,” the home is still technically in an active status because other offers can typically still be made on the property, depending on how the contingency agreement is structured by the buyer and seller. So, if you have been eyeing a