Active contingent is when a home seller has received an offer from a buyer, but the buyer needs to meet certain conditions before the sale can be finalized. These conditions may include a home inspection or getting approval on a mortgage loan. Once these conditions are met, the home will no longer be listed as active contingent.
In certain areas, active contingent is also referred to when a buyer must sell their home before purchasing a new home. In other areas, this specific situation is covered by a different listing status:
Active with Contingencies
Active – First Right