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 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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