Hi there – I was wondering what “Active, Backup and Pending” means in the status category on real estate listings in Kansas City?

Question: Hi there – I was wondering what “Active, Backup and Pending” means in the status category on real estate listings in Kansas City?  
Becky, Olathe, Kansas

Answer: Thanks for the question, Becky. I hope this helps. If you need additional help, feel free to contact me.

Active = Property for sale, a home buyer can still make an offer to buy the property.

Pending = Property still technically for sale; however, the homeowner has accepted an offer. A transaction stays “pending” until the buyer actually closes on the property.

Backup = Although the homeowner has accepted an offer on the home, they will accept a backup offer. Homeowners usually do this when they have a belief that the contract may cancel. Many times short sales are placed on a Backup status until the lender accepts the terms of the contract.

I hope this information helps.

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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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