Your question: What is active RFR in real estate?

What does it mean when a listing is active?

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 that the opportunity is wide open for you to make a proposal.

What’s Active mean in real estate?

When we talk about the status “active” as it relates to real estate, what it really means is that a listing has been posted on a local or regional MLS (Multiple Listing Service) and is officially up for sale.

What is the difference between for sale and active?

Most of the properties listed in the multiple listing service (MLS), the database where real estate agents list homes for sale, will have an active status. That’s because an active status means that the home is currently available for sale.

What does active status mean on Zillow?

Here are the Active Statuses and what they mean: Active Option Contract (AOC) – the home has a contract on it and the buyer is in their option period. Active Contingent – the home is “Under Contract” but usually waiting on some contingencies to be might (like financing approval).

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What does active I mean?

A,i (Active, Inspection)

Sellers have accepted an offer contingent on a buyer’s inspection of their property. Depending on what’s written in the offer, the whole process of inspecting and negotiating based on the results takes about 7-10 days.

What is active with contingencies?

A potential buyer has already looked at the home and wants to purchase it. Active with contingency means that an offer on the house has been made, and the seller has accepted it; however, before the sale can be finalized, some criteria needs to be met.

What does active with contingencies mean?

Active contingent is one of the many status updates given to a property listing. If a property has an active contingent status, it means the seller has accepted an offer from a buyer. However, the home sale isn’t finalized yet because certain contingencies need to be met.

Whats the difference between pending and active?

Active Under Contract vs Pending

When a property is listed as “active under a contract,” there are conditions/contingencies that must be met before the deal can close. However, when a property is listed as “pending,” all the contingencies have been met and the deal is on the road to being finalized.

What is the difference between pending and active option?

What is the difference between active option and pending? An active option contract is when the seller has accepted an offer but the Buyer is exercising the option period from the sales contract. Pending is when the property has an offer (Contract with no contingencies, Kick Outs or Options).

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What is the difference between for sale and active on Zillow?

ACTIVE – for properties that are offered for sale and have no accepted contract on them. CONTINGENT W/KICKOUT – for properties that have an accepted contract that includes contingencies and includes a kickout clause.

What does pending to active means?

Pending to active means that the contract did fall through, and the seller actively markets the house again.