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What Does Active Contingent Mean?

by | Jan 3, 2019 | Real Estate Glossary

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If you’re searching for a new house online, you’ve probably seen a lot of industry lingo which can get confusing. From active to pending to contingent, you’ve probably seen it all.

But really, what does active contingent mean?

When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state.

Sometimes a property will stay on the market even if the seller has accepted an offer. If a property is subsequently listing in pending status, it means that an offer has been accepted and any contingencies have been met. Homes in pending status are no longer considered active listings.

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When you hire Trelora, you pay just 1% to sell your home. You’ll also get best-in-class customer service, and a team of expert agents who close hundreds of deals per year. And keep in mind, especially if you’re moving or you have friends in other states, that Trelora can help you in Atlanta, Charleston, Charlotte, Denver, Los Angeles, Phoenix, Raleigh, Sacramento, Seattle and Tucson. In the meantime, please stay healthy and safe.

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The information contained in this blog is for general information purposes only, and while believed to be accurate, Trelora assumes no legal responsibility for accuracy. Information provided within should not relied upon as legal advice. Please consult with your local advisors for independent information regarding availability and applicability in your market.