What is active under contract?

Active under contract is one of the stages between accepting an offer and closing on a home. The home sale may be in its early stages, or both parties are still waiting for certain contingencies to be met. If you’re a buyer interested in a home that’s active under contract, you can typically still submit an offer.

What does it mean when a home is active under contract?

When a home is active under contract it means that a buyer has made an offer on the home and the seller has accepted, but the sale is not yet final. When the transaction is complete, the status of the home will show that it has sold. While the property is still under contract, all contingencies must be met before the sale is finalized.

What does active under contract and pending mean?

At its core, both “Active Under Contract” and “Pending” indicate that a property has received an accepted offer. However, here’s where the paths diverge: Active Under Contract: As we previously detailed, this status suggests that while an offer has been accepted, certain contingencies need to be met.