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Your Guide: What Does “Active” Mean on Zillow?
So, have you been looking for a new home or property recently? Maybe you’ve used a small website called Zillow. Have you heard of it?
Sometimes on Zillow, you’ll come across random listings about specific properties. Have you ever wondered, “What does ‘Active’ mean on Zillow?” If so, you’ve come to the right place. Today, we’ll answer this question and more.
Keep reading to learn more information.
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What Does “Active” Mean on Zillow?
On Zillow, a property in “Active” status indicates that it is for sale. The seller has not yet accepted an offer. This status means that potential buyers can still make offers on the property. In a competitive real estate market, active listings have the potential to attract a lot of attention from potential buyers.
Active Listings and the Real Estate Market
An important indicator of a healthy real estate market is active listings. If a property is listed as “Active,” it means that the property is available for showings and offers. Buyers can use this status to visit and inspect which houses are available. Maintaining an active status can help businesses attract more attention from potential clients and increase their visibility.
Different Active Statuses on Zillow
“Active” status on Zillow can mean various things, such as “Active Under Contract,” “Active Option Contract,” and “Active Contingent.” “Active Option Contract” means that while the buyer is still under an option period and can cancel the agreement at any time, the seller has accepted the offer.
“Active Under Contract” refers to an accepted offer by the seller, but the sale is contingent on several requirements being met, including completing a home inspection and financial approval. “Active Contingent” means that the buyer must meet certain requirements for the transaction to proceed; otherwise, the deal might not go through.
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Conclusion
Next, let’s briefly look at the implications for buyers/sellers. Understanding these statuses can help us make better decisions when buying a house. If a property is marked as “Active,” then submitting an offer is still worthwhile.
If the sale falls through, this can help you secure the property. In contrast, the status of “Active Option Contract” highlights that the buyer’s offer may change.
The Role of Real Estate Agents
Next, let’s consider the role of agents, as they do play a role in this world. Active listings on Zillow are typically navigated by real estate agents. They can assist buyers and sellers in navigating the process and understanding the consequences of various statuses.
To ensure that both parties are aware of their alternatives, agents assist in explaining the meanings of “Active,” “Contingent,” and other terms.
In conclusion, anyone involved in buying or selling homes needs to know what “Active” means on Zillow. When a property is in “Active” status, it means that buyers can still submit offers and it is still on the market. Understanding various forms of active statuses, such as “Active Option Contract” and “Active Contingent,” can contribute to successful negotiations in the real estate market for both buyers and sellers.
Real estate agents can provide excellent service when helping clients understand these statuses and guiding the process. Understanding what “Active” means on Zillow can have a significant impact on your real estate experience, whether you are a seller looking for the best offer or a buyer searching for your dream home.
