What is an active option contract on a house

'Active Under Contract' Property Status: Everything You Need to Know

what is an active option contract on a house

Does active option contract mean there's still a chance to make an Until the seller has accepted an offer, the housing status is listed as active.

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The status of real estate in Texas can sometimes be a tricky thing, especially if you don't use these terms very often. Some of these status terms mean that you can still buy the house. Unfortunately, other terms mean the house is no longer available. By the way, these terms come from the MLS Multiple Listing Service which is the platform used to display these listings. In this article, I'm going to break down the real estate status meanings into simple language so that, hopefully, the next time you see "Active Option Contract" listed as the status for a property you find online, you'll know what this means to you as a buyer. Click here to read more of the BEST articles for homebuyers! Any property in Texas showing on the MLS as "Active" means that it is currently available for purchase.

An Active Option Contract occurs after you and the seller have or if we need to go look for another house. we are already paying a little more.
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Some forums can only be seen by registered members. I see homes on mls listed as either under contract or at times with an option contract pending. Is there a difference in status as implied or are they really the same thing? I believe option contract pending is when the buyer is doing inspections and has an opt-out option whereas under contract means that the buyer has moved forward in putting an offer on the house. I agree that is what the words suggest.



How Well Do You Know Your MLS Status Definitions?

Please enter your username or email address. You will receive a link to create a new password via email. A lot of people have questions about the terms Realtors use for house statuses online.

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