Active - Kick Out: If the buyer cannot sell their current home in time to pay, the seller can opt-out. Common pending types in real estate There are a few different kinds of pending sales in real estate. The more common types include: Pending - Taking Backups The seller accepted an of...
If you’re searching for a new home online, you may see listings labeled “contingent” and/or “pending” in addition to the standard “active” and “sold” listings. If the status is listed as contingent or pending, it means that the house is under contract; that is, the seller has...
The contingent sale phase typically allows other potential buyers to make offers. The reason for this is that the sale is still considered active. There is still a possibility of the current buyer backing out of the deal or other things going wrong, leaving the seller looking for a new purch...
To use a parent and contingent order, your first order is a buy limit order to get you into the trade. The second order will not be active until the first order, called the parent, is filled. So when the price dips enough to trigger the buy limit order, you will be entered in the...