Active under contract versus pending
What is sale pending and how does it impact your house search? a home with some contingency as 'active with conditions' or 'active continue to show,' letting Just know one thing: sale pending vs under contact mean two different things. Check out this pending vs contingent comparison here. When a property goes under contract, both the buyer and the seller are promising that they will Typically, once they've reached the pending stage, listings are not considered active. 29 Apr 2016 Option pending comes first and occurs when the buyer and seller have an initial signed contract for the upfront option money from a buyer. 10 Jun 2013 For that reason, it makes smart sense to use a "pending," "sale pending," or " under contract" rider when a real estate agent has received a valid While both of these statuses are used when a contract is in place, there are a few differences you’ll need to know about. 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. Under Contract vs. Pending: As mentioned above, an Active Under Contract period can last several days or weeks. A status of Pending is typically very short in duration, usually just a day or two. What’s more Pending deals almost always close (very, very high percentage) so they are very unlikely to be available. 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.
Active means that the home is currently available for sale, whereas pending means the home is under contract for purchase. Most times Realtors don't like to show homes that are pending, but I've seen several situations where contracts have fallen through and a home that was pending goes back to Active status.
19 Sep 2008 Is there anyway to buy a home that already has a pending offer? find out that the home is under contract with a pending sale to someone else. Sale Pending – The home has an active purchase and sale contract that has 10 Jan 2019 What happens once you accept an offer on your property? When your home finally switches from 'active', 'pending', and then 'under contract'? What is sale pending and how does it impact your house search? a home with some contingency as 'active with conditions' or 'active continue to show,' letting Just know one thing: sale pending vs under contact mean two different things. Check out this pending vs contingent comparison here. When a property goes under contract, both the buyer and the seller are promising that they will Typically, once they've reached the pending stage, listings are not considered active. 29 Apr 2016 Option pending comes first and occurs when the buyer and seller have an initial signed contract for the upfront option money from a buyer. 10 Jun 2013 For that reason, it makes smart sense to use a "pending," "sale pending," or " under contract" rider when a real estate agent has received a valid While both of these statuses are used when a contract is in place, there are a few differences you’ll need to know about. 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.
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.
This post explains how to tell the difference between contingent vs. pending vs. under contract and outline your options with regard to making an offer on a home of your own. 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 Active means that the home is currently available for sale, whereas pending means the home is under contract for purchase. Most times Realtors don't like to show homes that are pending, but I've seen several situations where contracts have fallen through and a home that was pending goes back to Active status.
28 Nov 2018 There are two statuses in Bright that seem similar, but have different meanings: Active Under Contract and Pending. While both of these
17 Jan 2020 pending contingent or under contract This post explains how to tell the difference between contingent vs. pending vs. under contract and outline As with a contingent property, a home that is active under contract is one When your real estate listing goes from “active” to “pending,” it means you've ( You'll also hear real estate agents use the phrase “under contract” for this will have to pay the difference in cash, the seller will have to come down on price, In addition to simply 'active' for sale listings there are pending and contingent A home listing marked as 'pending' means it is already under contract with
An active contingent means a seller has accepted an offer and there are between contingent vs pending homes, both mean they are currently under contract.
21 Mar 2018 Under Contract vs. Pending: As mentioned above, an Active Under Contract period can last several days or weeks. A status of Pending is 17 Feb 2017 So you found the house of your dreams. One problem: it's already under contract or has a sale pending. What's the difference, and can you still
10 Jan 2019 What happens once you accept an offer on your property? When your home finally switches from 'active', 'pending', and then 'under contract'? What is sale pending and how does it impact your house search? a home with some contingency as 'active with conditions' or 'active continue to show,' letting Just know one thing: sale pending vs under contact mean two different things. Check out this pending vs contingent comparison here. When a property goes under contract, both the buyer and the seller are promising that they will Typically, once they've reached the pending stage, listings are not considered active. 29 Apr 2016 Option pending comes first and occurs when the buyer and seller have an initial signed contract for the upfront option money from a buyer.