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.
Looking to buy or sell a house?
Trelora real estate serves the Colorado Front Range, Summit County and Seattle Metro Area and our mission is simple: full service real estate for a fraction of the cost. When you hire a traditional agent to help you buy or sell your home, man cave or no, you pay that agent 3-6% of the home’s value.
When you hire Trelora, you pay one flat fee rather than a variable commission on the price of your home. You’ll also get best-in-class customer service. A team of expert agents who close hundreds of deals per year. And a proprietary technology platform that puts you in the driver’s seat and an average refund of $13,500 in Colorado and $18,000 in Seattle.