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#370382 - 03/21/11 04:49 PM Help with a few property status terms used on realtor.com
timothy1 Offline
Member

Registered: 03/18/11
Posts: 12
Loc: California
Some homes I see listed on realtor.com show status as "active." I assume these are ready for sale, with no strings attached.

But others are listed as:

Status: Act. Cont.
Status: Pending w/release
Status: Pending w/o release

... and googling hasn't solved the mystery to me of what these terms mean. Particularly the first one. I gather 'Act Cont.' refers to a contingency ... but I can't figure out what kind of contingency.

If you can enlighten me, I'll be grateful.

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#370454 - 03/22/11 08:54 AM Re: Help with a few property status terms used on realtor.com [Re: timothy1]
Bigtoe Offline
Veteran Member

Registered: 10/14/07
Posts: 1294
Loc: Outer Banks
Status: Act. Cont.
The contingency could be the buyer has to sell their house first.

Pending with out release is when the has died and the seller is waiting for the buyer to sign a release.

Stick with just the actives. It will make your life so much easier.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

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#370500 - 03/22/11 03:00 PM Re: Help with a few property status terms used on realtor.com [Re: timothy1]
timothy1 Offline
Member

Registered: 03/18/11
Posts: 12
Loc: California
Thanks, Bigtoe!

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