What does it mean when a property is active under contract

In real estate, the words “under contract” means that a binding agreement exists between a buyer and a seller involving property. The buyer and the seller have agreed on a price and any other The difference between Active Under Contract and Pending Status in Bright. When a listing is in Active Under Contract, that property is under contract, but is still accepting showings and being actively marketed. Days on Market (DOM) and Cumulative Days on market (CDOM) will continue to accumulate when a listing is in Active Under Contract status. Contingent, sale pending, under contract when you read a real estate listing, it can be full of terms you may not know. Allow us to clear things up. Active. This means that a property is There are only three permitted types of contingencies that can be used for the Active Under Contract status, as defined in the status definition. If the listing has a contingent offer and does not fall under the three permitted types the listing will need to remain in Active status. Matrix Listing Status Definitions. ACTIVE UNDER CONTRACT (U) Active Under Contract is an On-Market status and should be used when an Offer is accepted and either 1) Seller requests that the property remain in an On-Market status and is looking for back-up offers, or 2) the sale is subject to court or other third party approval. Note: If 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. What does active contingent mean in real estate? | Edina Realty

6 Mar 2019 Hi Ryan - Under Contract-Pending means the Landlord has accepted a been accepted by the landlord but has not yet moved into the property. When looking at rentals, I would only look at active, available listings to avoid

7 Aug 2019 A real estate client may have found a property on Zillow, Realtor.com, ACTIVE This status means that the listing is available and not under PENDING This status means that the home is under contract and the buyer can no 28 Feb 2017 If a property is said to be under agreement or contingent or pending or under contract or active with contract or have a signed offer - it means Active: An active listing in MLS theoretically means the listing should still be Continue to Show", it means the Seller has accepted an offer on their property.

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

24 Apr 2013 What do you mean it's under contract? ACTIVE UNDER CONTRACT – This term is for properties that have an accepted contract that include 16 Sep 2016 Why You Might Want To Avoid A First Right Of Refusal In Real Estate That means your home is eliminated from the search for almost every other buyer! You SHOULD NEVER market your home as under-contract unless you are MLS ( there are only 4 out of the 1,697 active listings as I write this article), 29 Apr 2016 estate negotiations means that the seller wants to continue to show the house to other buyers in case the current contract does not conclude “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 Means There’s a Written Offer. If a buyer makes a written offer and the seller accepts it, the home is active under contract. This is how the listing will show in the MLS. This lets other realtors know that the home is under contract and has the potential to be taken off the market. There is a bit of a cost to the seller from going with "Active Under Contract." In this case, DOM continue to be accrued. They don't when a property is "Pending." If you do come back to market after a failed deal, you'll suffer a greater DOM penalty when switching to simple, pure "Active" again. More interesting, perhaps, is the subject of

how long does a house stay 'active under contract' or 'accepting backup offers?'? basically this house me and my husband really liked but hadn't got to see in person yet, the website updated this morning and now it says "active under contract" "contingent" and "accepting backup offers."

There is a bit of a cost to the seller from going with "Active Under Contract." In this case, DOM continue to be accrued. They don't when a property is "Pending." If you do come back to market after a failed deal, you'll suffer a greater DOM penalty when switching to simple, pure "Active" again. More interesting, perhaps, is the subject of

7 May 2019 Property Status and What It Means.

Section 2.7 Under Contract and Under Contract Still Accepting Offers: . must indicate that he or she does not want the listing submitted to the MLS. insure that the property has not been relisted in an Active status or is currently in a 24 Apr 2013 What do you mean it's under contract? ACTIVE UNDER CONTRACT – This term is for properties that have an accepted contract that include