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Active Contingent?

I found a house I love, we made an apt to see it. The agent didn't tell us it was unavailable due to an active contingency, found that out after a different showing. Anyway this property is showing listing on all sites with no update on status. I'm confused, is there still a possibility to get this house. I'm not to familiar with active contingencies and how they work .
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April 27 - Richardson
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Answers (9)

This is an OLD post......already answered.
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July 17
Active Contingent listings show as active on most search engines with the exception of Listingbook.   It means there is a contract on the house but not all contingencies of that contract have yet been met; for example, inspection, appraisal, mortgage.  

Contact an agent in your area to find out what they are waiting for.  Some properties will take backup offers in case the original contract falls through.  Other agents will take your agent's number in case it falls through.  

Good luck!
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July 17
Active Contingent is when the seller has already received an offer from a buyer. However, the buyer may need to meet certain conditions before the purchase can be completed. These conditions may include the buyer securing financing or completing an inspection of the home.  

Usually at this point in the market (very strong seller's market) you do not see too many of these because it is not that beneficial for the seller, however it still happens.  

If you are very interested in putting an offer on the property, and it is a stronger offer than the current one, the seller might back out of the current and take yours instead.  
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July 16
Be careful about calling the agent whose name is on the yard sign; they represent the seller, not you. Hire an Exclusive Buyer's Agent to represent you. Visit [Link removed by Zillow moderator]
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July 14
Write an offer subject to inspection. 
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July 05
Do you have an agent to represent you? If so, they would be doing this research prior to showing you a home, and they would know how far along the current buyers are in the escrow process. Have they removed any contingencies? Does it look like the sale will proceed with the buyers? If you want to put in an offer, have your agent ask if you can get into 1st back-up position (or even 2nd if there's already a 1st). Houses can and do fall out of escrow for a number of reasons, but it's crucial that you have some accurate information on the current escrow.
If you are able to get into a back-up position, should something happen with the current buyers, you will be first in line to get the house. You have absolutely nothing to lose by being in that position (disclaimer - some areas may have different customs), and you could wind up with the house. A house is not sold until it's sold.
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July 05
Zillow is great but sometimes homes change statuses before popular home sites are able to update.  Would you like to be set up on an auto search?
email me at gri0500@gmail.com
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July 05
There are several status Active-Active Option-Active Contingent and Pending.
I normally say anything other than Active is not good to see or consider.
Different people have different opinions of what Act-Cont really means, but I think most common these days, is contingent on financing, based on the days in the 3rd party financing approval.   Can be other reasons.
You can perhaps put in a BACKUP offer, or just wait to see if buyer can complete the financing.

Homes move pretty quick sometimes and updating the status in the MLS and then for the sites to update that status can take time.  It is a manual process, not automated.  

Unfortunately it sounds like this one is gone, and best to keep looking.  Best to see the same day they hit the market, and bid the same day you see it....especially if it looks good or is priced fairly.   
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April 27
I hope you are using your own buyers agent, if not go that route. Talking with a listing agent about the house they have listed is sometimes going to be less informative because they want to sell or get it sold since that is the only way we get paid. The listing agent might have an offer that is contingent on something like a house selling before the new buyers can buy this one or inspections or something. Since they are the listing agent they don't want to say it is not for sale because the contingency could prevent it from selling and then they have you to do a back up offer. Your buyers agent will be more interested in making you happy than the seller of that house and should provide better information to you.

Contingencies don't always show up here on these free online sites. An agent in that area MLS will be able to give you MUCH better information about contingencies than you can find on the free online sites, it's just a fact you need to know. An active listing with a contingency to inspect the house is under contract but can still show up here as active because of the limitations of these sites to interpret the status of a listing. Each MLS system does some things differently which causes problems with the online sites because different terms are used they don't understand.

Find yourself a good buyers agent to help you -- It's free you know so why wouldn't you??
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April 27
 
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