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All about active/pending “Active” means a property is for sale, and the seller is seeking offers. “Pending” means the property is still technically for sale, but someone has made an offer. The transaction is considered pending until the buyer actually closes escrow.
Why would a house go from pending to active?
1 The pending sale will go back to active if the loan is rejected due to a buyer’s impulse financing. It’s also possible that buyers might not have knowledge of liens or judgments filed against them. This can also affect their creditworthiness so the loan the buyer thought he had in place can ultimately be denied.
What does pending to active means?
If a property goes from Pending to Active, this means the original contract fell through for some reason (Buyer terminated during Option Period, Buyer couldn’t obtain financing, Contingency fell through, etc.). I’d be happy to check on a specific property you want more information on.
Can you still put an offer on a house that is pending?
You can usually still submit a backup offer on a home that’s pending, but you may not be able to view the property. If you decide to submit an offer, make sure that your finances are in order and stay in touch with the home’s listing agent before applying for a mortgage.
What is the difference between pending and active with offer?
Pending Defined The key difference between active under contract and pending is the seller’s choice. With pending, the seller has said that they are comfortable with the contract, and no longer want to show and market the home.
What does active mean in real estate?
Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means that the opportunity is wide open for you to make a proposal.
Why does a house get relisted?
Why Homes are Relisted This can be attributed to several reasons: The home was previously over-priced for that market and wasn’t going to sell. Real estate market conditions have changed. As a sales strategy, home is removed from the market in hopes it will appear “new” to the market sellers relist.
What does active mean on a Zillow listing?
ACTIVE – for properties that are offered for sale and have no accepted contract on them. This usually happens if the seller is interested in accepting another contract from a buyer who does not have a house to sell.
What is the difference between active and for sale?
Most of the properties listed in the multiple listing service (MLS), the database where real estate agents list homes for sale, will have an active status. That’s because an active status means that the home is currently available for sale.
What is an active sale?
Active sales means actively approaching individual customers by, for instance direct mail, including the sending of unsolicited e-mails, or visits; or actively approaching a specific customer group or customers in a specific territory through advertisement in media, on the internet or other promotions specifically.
What’s the difference between under contract and pending?
UNDER CONTRACT – indicates a property where an offer has been written and accepted by both parties. Many things can go awry during the under contract period and a fair number of homes will come back on the market. PENDING – means that all of the above have been satisfied.
Can I outbid an accepted offer?
If the purchase contract hasn’t been signed, the seller could accept another offer, even if you think they’ve accepted yours. The seller generally cannot cancel your contract if you are in compliance simply because the seller received a better offer from another buyer.
Can you put an offer on a house that already has an accepted offer?
You can make an offer on a house that already has an offer, provided the executed contract has not been signed. You can also have an offer accepted in this situation, or ask the seller if they could put your on their back up list.
Can you take your house off the market after accepting an offer?
Can you back out of an accepted offer? The short answer: yes. When you sign a purchase agreement for real estate, you’re legally bound to the contract terms, and you’ll give the seller an upfront deposit called earnest money.
What does active continue to show mean?
Active Continue to Show: If a listing says “Active Continue to Show”, it means the Seller has accepted an offer on their property. It also says that the Seller will continue to show it for backup offers. Most agents keep a listing in this status until the Buyer has removed most of their contingencies (ie.
What does Status active under contract mean?
“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. This term is primarily used in the State of California.
Can you buy a house that is active contingent?
Can you put an offer on a house that is contingent? Most contingent listings will allow other buyers to place offers on the home. This is because contingent deals are still technically active listings and can fall out of the contract if the buyer does not meet the requested provisions.
