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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.

When does a home become active under contract?

A home becomes active under contract when the seller accepts an offer. How long do homes stay active under contract? It depends. A home will stay active under contract until all contingencies have been met. How long that takes depends on the deal and number of potential contingencies.

Why are active under contract homes still listed?

Active under contract homes are still listed because the home hasn’t officially closed. The seller may accept backup offers if the current offer falls through due to a contingency or other unpredictable circumstance. When does a home become active under contract? A home becomes active under contract when the seller accepts an offer.

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