What Does Active Status Mean?

When you're looking for a property, you're likely to come across a set of jargon terms intended to describe the state of the property inside or outside the market (or on its way out). You will find that even if the property is listed as 'active,' its condition will likely include another state to indicate where the property is listed and sold. Read on to learn more about how to interpret the different types of 'active' drug cases and what they mean about the availability or lack thereof.

What does it mean when the drug is active?

Most of the properties listed in the Listings Service the database where RE/MAX agents list properties for sale, will have an active niche. That's because active status means the property is currently available for sale. However, there are several types of active modes, and their use and definitions can vary by market. Your real estate agent can help you explain the different types of active situations in your market, but to get started, here are some definitions of the most common active cases:

Active Unit:

If you see a property with 'active unit' status, it means that the seller has received an offer from a potential buyer, but there are conditions that the buyer must fulfill before the sale can be completed. This may mean that the buyer must be approved for financing or the property must be completed for inspection or evaluation. The declaration of unity shall be removed as soon as these conditions are met. In some areas, an active emergency is also used when a buyer must sell their existing property before buying another property.

Active property - first right:

When you see a property listed in 'active right-first' mode, it means that the seller has a prior agreement with a potential buyer. This buyer has the opportunity to match any subsequent offers. As mentioned above, the 'first active right' may also indicate that the buyer must sell his existing property before buying the property in question.

Active staging:

The case of 'active starting' is another term used to indicate that the seller has accepted an offer, but the sale depends on the buyer's ability to sell its existing property before proceeding with the sale. The 'sell check' part of the case means that the seller can continue to market the property. Depending on the conditions of the 'sale verification' clause, the seller, if he finds another eligible buyer, can break away from the agreement with the first buyer for not proceeding with the purchase within a specified period of time.

Active - without previews:

The 'active non-appearance' status indicates that the property is currently available for sale; However, the seller specified that it was not permissible to tour the property during specified periods of time.

Active option contract:

When you see the 'active option contract' status, it indicates that the seller has accepted an offer, but it falls within the option period. This means that the buyer has a set number of days to inspect the property. In some areas, an active option contract is called an emergency period or due diligence period.

Active with emergency:

An 'active with emergency' status means that the seller has accepted an offer from the buyer, but the buyer must meet certain conditions before proceeding with the sale. Similar to an active emergency, this mode is commonly used when a buyer has to sell their existing property before buying the property. Which means 'purchase agreement can be pursued.'

When you are looking for a new property, you will want to look for properties with active status. However, you may find the right property with one of the above conditions. If you fall in love with a discontinued or suspended property, you should contact a estate agent immediately to explore your options for making an offer.