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When a property is listed as "active" on the market, it signifies it is available for purchase, but this primary status is often accompanied by a secondary label that clarifies the seller's situation. Understanding these nuanced statuses—such as Active Contingent or Active Kick-Out—is crucial for making informed offers and avoiding potential pitfalls. This guide deciphers the most common "active" statuses you'll encounter on the MLS (Multiple Listing Service), the database real estate agents use to list properties, to help you navigate your home search with confidence.
What Does 'Active' Status Mean on a Real Estate Listing?
An "Active" status is the fundamental indicator that a property is officially on the market and available for buyers to submit offers. However, local MLS rules can create variations of this status that provide critical details about the progress of the sale. It is essential to work closely with your real estate agent to interpret the specific meanings in your market. The following breakdown covers the most frequently used designations.
What is an 'Active Contingent' Status?
An "Active Contingent" status means the seller has accepted an offer, but the sale is not yet final. The offer is contingent upon the buyer satisfying specific conditions, such as securing mortgage financing, completing a satisfactory home inspection, or, in some cases, selling their current home. Until these contingencies are met, the seller continues to market the property. In some regions, this scenario may be labeled as "active with contingencies," "bumpable," or "active – first right."
How is 'Active Kick-Out' Defined?
The "Active Kick-Out" status is a specific type of contingent offer. It indicates the sale depends on the buyer selling their existing home. The "kick-out" clause allows the seller to continue showing the home and accepting backup offers. If the seller receives a superior, non-contingent offer, they can typically notify the first buyer, who then has a defined period (e.g., 48-72 hours) to remove their home-sale contingency or be "kicked out" of the contract, allowing the seller to proceed with the new offer.
What Does 'Active Option Contract' Mean?
If you see "Active Option Contract," the seller has accepted an offer, and the transaction is in a designated option period. This is a window of time, often 7-10 days, during which the buyer pays a non-refundable fee for the exclusive right to terminate the contract for any reason, typically after conducting inspections. This status is also known as a contingency or due diligence period in some markets.
When Will You See 'Active – No-Show'?
An "Active – No-Show" status means the property is actively for sale, but the seller has restricted showings during specific times. This could be due to tenants occupying the property, the seller's personal schedule, or other logistical reasons. While the home is available, you cannot schedule a tour during the blackout periods.
Key Takeaways for Home Buyers
Navigating active statuses requires a strategic approach. Do not be automatically discouraged by a contingent status; a well-priced backup offer can sometimes succeed if the primary deal falls through. Always consult with your real estate agent to understand the precise implications of any status in your local market and to craft a competitive offer strategy. For homes with a kick-out clause, being prepared to move quickly with a strong, non-contingent offer can position you favorably. Ultimately, understanding these terms empowers you to act decisively when you find the right property.
