Property is for sale
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What does it mean when a property is active?
A property that’s listed with an Active status is available for sale, without any pending contracts or contingencies. Active status may be further broken down into subcategories.
What does’active’mean on a house listing?
These descriptions let the general public and real estate brokers know where the house is in the selling process. An active status typically gives the green light to agents and buyers that the home is still available for sale. A property that’s listed with an Active status is available for sale, without any pending contracts or contingencies.
What does 渁ctive option contract?mean in real estate?
When you see the 渁ctive option contract?status, it indicates that the seller has accepted an offer, but it falls within the option period. That means that the buyer has a specified number of days to have the property inspected. In some areas, an active option contract is called a contingency period or due diligence period.
What does it mean when a house is active under contract?
1 The seller has accepted a contingent offer from a buyer. 2 Before the deal can close, certain contingencies攁 successful home inspection, for example攎ust be fulfilled. 3 The active under contract status can last anywhere from a few weeks to more than a month depending on how many contingencies are attached to the buyer offer. More items…