In real estate what does active option mean
What does "contingent" mean, and is the real estate still up for grabs? Does "active" paired with "contingent" mean that the property can still be yours, if you make the right offer to a seller? Common real estate listing terms: Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means One of the more confusing changes recently to local online real estate is a new term: "Active Under Contract." Properties can display in any of four official statuses. The first 3 are easy enough: • "Sold" and "Active" are self-explanatory. • "Pending" is a term that might take some getting used to, but it's an oldie. Broadly, a real estate option is a specially designed contract provision between a buyer and a seller. The seller offers the buyer the option to buy a property by a specified period of time at a "Active Option Contract" means that the seller has accepted an offer from a purchaser, but the contract is still in the options period, during which the potential purchaser is allowed to have an inspection of the property. “Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed. Broadly, a real estate option is a specially designed contract provision between a buyer and a seller. The seller offers the buyer the option to buy a property by a specified period of time at a
Common real estate listing terms: Active. This means that a property is currently on the market and available for sale. It may have received offers, but none have yet been accepted, which means
Real Estate Glossary. What does it mean when a home is "Active Option Contract " on Redfin.com? 17 Apr 2018 Our REALTORS® explain the MLS status updates like What Does Active Option Contract mean and other common real estate statuses in 31 Oct 2018 In Texas, once the seller accepts an offer, the buyer will have the option of paying for a small window of time to do their due diligence and have The real estate definition of an Active Option Contract: Active Option usually means there's an accepted contract on a property that is subject to a buyer's 12 Aug 2019 But what does active option contract mean and should you be concerned? The Real Estate Glossary at Redfin defines an “active option An active option contract means a home seller has accepted an offer to sell their home but the contract is in the option period. During the active option contract, What is AO or Active Option status in San Antonio, Texas real estate and home If a contract on a home does fall through during the option period it will come
The Active Option Contract status in Texas real estate means that the seller has accepted an offer on their property; the property is now under contract; and, the buyer is within the "option period." The option period is the time where the buyer can legally back out of the purchase of the house, and the buyer's earnest money is refunded.
"Active Contingent" means the house is still technically available, but its sale may be pending a buyer's financing approval. "Active Option Contract" means that the seller has accepted an offer from a purchaser, but the contract is still in the options period, during which the potential purchaser is allowed to have an inspection of the property. “Active Under Contract” is a real estate term that indicates the status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed.
All homes that are "active option" are under contract. "Pending" is, and that means the option period has expired but closing has yet to
Do partnerships need to be licensed if real estate brokerage activity is performed under the We are selling our house and the buyer never paid the option fee. The steps below are typical of those you'll follow from your initial contract to your closing: 1. DUE DILIGENCE: During this period,seller grants the buyer the option of During this period the buyer may also inspect for active termite infestation. an attorney specializing in real estate must be selected to prepare for and
One of the more confusing changes recently to local online real estate is a new term: "Active Under Contract." Properties can display in any of four official statuses. The first 3 are easy enough: • "Sold" and "Active" are self-explanatory. • "Pending" is a term that might take some getting used to, but it's an oldie.
The real estate definition of an Active Option Contract: Active Option usually means there's an accepted contract on a property that is subject to a buyer's
Active is the only status indicting that the property is available. Option Pending means the buyer has purchased the right to terminate the contract for any reason during this period. Some agents list it as pending during the entire contract period including One question that consumers ask real estate agents is, “what does active contingent mean?” This means the seller of the home has received an offer from a potential buyer. Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. An "option agreement" is a contract used in real estate investing that gives you the right to purchase a property for an agreed upon price up to a certain time frame. (Option contracts are most commonly used for real estate, but can be used for other things, as well.) If the option is exercised according to its terms and conditions, a binding contract is created. The seller must sell, and the buyer must buy, for the price or consideration and on the terms stated in the contract. Real Estate Glossary There is a lot of real estate terminology used during the home buying and selling process and CENTURY 21® is here to help you understand those terms. We have created a glossary of the most commonly used real estate terms and their definitions in order to help you better understand terminology used along your home buying or selling process. Depending on where you’re searching, you may see “contingent” or “option” to mean similar things. When in doubt, ask your real estate agent or reach out to the listing agent. Either will be happy to set you straight.