Comments on: Tucson Pending Contracts

By: Adreana

Adreana — Mon, 19 May 2008 03:18:37 +0000

thank you for your help

By: Dave Smith

Dave Smith — Mon, 19 May 2008 03:09:45 +0000

Adreana,

Then you are correct, it should be active contingent.

By: Adreana

Adreana — Mon, 19 May 2008 01:48:30 +0000

We put in an offer to the seller, they accepted and we are waiting for seller’s bank acceptance.

By: Dave Smith

Dave Smith — Sun, 18 May 2008 23:57:31 +0000

Adreana,

When you say you put a bid in, does that mean you made an offer and are waiting for a response or you have an accepted offer from the seller and bank?

By: Adreana

Adreana — Sun, 18 May 2008 23:30:17 +0000

We are first time home buyers and put a bid in on a short sale home. From what I have read, it should say active contingent but it says active capa. Any thoughts as to why it is listed as capa since we have no home to sell?

By: Dave Smith

Dave Smith — Tue, 13 May 2008 03:08:40 +0000

Tia,

Active CAPA means the seller has accepted an offer contingent on the buyer selling or closing on a property. You can bring an offer to the seller and if they like your offer, they can give written notice to the current buyer that they have an offer and that the buyer needs to either remove their contingency and proceed to closing or cancel their contract. If the buyer removes the contingency, then it would go Active Contingent and you could remain as a backup offer only in case something goes wrong and the deal cannot close. If the current buyer cancels because they cannot remove their contingency, then once the escrow is canceled, you will be moved into first position and you can open escrow and become the new buyer for that property.

I hope this helps. If you are represented by another agent, we cannot help you. Please contact your agent they can answer these questions for you in more detail. If you are not represented by an agent and have further questions then please feel free to contact us.

By: Tia

Tia — Tue, 13 May 2008 02:05:28 +0000

Hi there,
I am really confused. We are first time home buyers. A few weeks ago we went to Marana and found the house we wanted and decided to put an offer in on it. Get a call on our way back home letting us know that there was a full priced offer already. We slept on it and decided to pull our offer. The listings (there were 2 actually only one we put an offer on) that we were interested in are now showing as Active Capa. So what should we do? Put in an offer again? We have no home to sell and are ready to move in ASAP! I seem to be getting conflicting info everywhere I turn.
Thanks.

By: Dave Smith

Dave Smith — Thu, 23 Aug 2007 01:01:27 +0000

Concerned,

I’ve been getting a lot of traffic from the search engines today from people wanting to know what Pending, Active Capa and Active Contingent mean.

There are a lot of people that see these terms and have no clear definition. Actually I had no idea when I wrote this post there were so many wondering about these terms.

By: concerned ;-) from the other blog

concerned ;-) from the other blog — Thu, 23 Aug 2007 00:48:12 +0000

They can’t be contingents and pending at the same time. They are either contingent or all contingencies have been removed and they are pending.

That makes it clear, Dave. Since the info for agents and the general public obviously isn’t the same, I wasn’t sure.

By: Dave Smith

Dave Smith — Wed, 22 Aug 2007 04:53:08 +0000

Concerned, yes there is broken communication. I don’t know what you mean my “if some of the contingents in public searches are actually pending”

They can’t be contingents and pending at the same time. They are either contingent or all contingencies have been removed and they are pending.

But there is no such thing as a pending contingent or a contingent pending.

Only in the MLS reporting are the Pending contracts, but a status of Pending means all contingencies are removed and the property is no longer visible.

I’m sure if you are asking there are others that are also but won’t write. : )