Wednesday, April 1, 2020

Active contingent meaning

Definition of Active Contingent

When a home is listed as "Active Contingent" or "Active with Contingencies," it means the seller has accepted an offer from a buyer and a Purchase and Sale Agreement exists, but that certain conditions (or contingencies) must be satisfied before the sale can be finalized. These conditions may include a home inspection or getting approved for a mortgage loan. Once these conditions are met, the home is no longer listed as Active Contingent. In certain areas, Active Contingent is also known as Active CAPA (can accept purchase agreement). What is the difference between contingent and pending?
When searching the market for a new home, you’ll run across properties in several states of activity. What do you do when the home you’re interested in is marked as “contingent” or “pending”? What’s the difference between the two, and what are your options for making an offer?

What Is Contingent?
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.

2 comments:

  1. VoIP Engineers use their experience with computer science, digital audio hardware, and VoIP software to install cutting-edge technologies. They also work with information technology (IT) professionals and system administrators to explain the functionality of VoIP. Many industries employ VoIP engineers to complete telecommunications work on a full-time or contract basis.

    ReplyDelete
  2. Some sectors are at the start of their AI journey, others are veteran travelers. Both have a long way to go. Regardless, the impact artificial intelligence is having on our present day lives is hard to ignore:
    Improving Opportunities In Telecoms with Artificial Intelligence

    ReplyDelete

juniper networks careers freshers

 juniper networks careers freshers Network Engineering Description A network engineer is a technology professional who is highly skilled in ...