What does "Active Contingent Short Sale" mean?

Many of our prospects get confused  when doing searches for homes in paradise. They  have trouble differentiating between listing types such as Active, Active Contingent, Active Contingent Short Sale and Pending.
Active is property is for sale
Active Contingent is an offer has been accepted but is subject to either the buyer or seller meeting a condition before sale can be completed i. e. buyer must finalize getting mortgage or seller must make a repair or escrow deposit being received by title company.
Active Contingent Short Sale is seller has approved but because it is a short sale (buyer owes more than listed price) and mortgage/note holder must approve the sale. This process can take 45-90 days or more.
Pending is sale has been approved by all parties and awaiting closing process to be completed, including title search.

If you have any questions please do not hesitate to call us at 239 574 7836

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