Common Real Estate Listing Terms

Published On: July 18th, 2019|Categories: Blog, Buying|Tags: Listings, Real Estate Terms, Terminology|

If you’re looking for homes for sale in Aspen, you’re going to see a lot of listing terms that may not be familiar to you. You can always ask your real estate agent what they mean – or you can refer to this guide.

Common Real Estate Listing Terms

Active

Active means a property is currently on the market and that someone can buy it.

Closed

The house is sold.

Active With Contract

There’s an accepted offer on the home, but the sellers are still looking for backup offers in case the first one falls through.

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Under Contract

The seller has entered a contract with a buyer, but there’s still room for backup offers.

Contingent

The seller has accepted an offer and the home is under contract, but one party still has to meet certain conditions for the deal to go through.

Deal Pending

The seller has accepted an offer and has a contract, and all the contingencies have been met. The deal is in escrow.

Back on Market

The home has come back on the market after a pending sale. That means the deal fell through.

Expired

The seller’s contract with the listing agent has expired. This usually happens when the home doesn’t sell.

Temporarily off the Market

The owner has removed the home from the market for a period of time, and it’ll be back on the market eventually.

Withdrawn

The seller decided not to sell the home after all.

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