Definition of Active Pending:
Active Option Contract in Orange County:
Pending: This status is commonly used after if/and/or a Backup Offers status was used. This means that the buyers have removed all contingencies like such as loan approval, home inspection, signed initial 3-day disclosures, escrow documents… The buyer's intent is to move forward with the purchase is high as their earnest money deposit is now at jeopardy.
An Active status is the most common for homes listed for sale in the Coto De Caza Orange County Multiple Listing Service (MLS). The listing status is updated on BanCorp’s Realty's website almost immediately after our listing agent changes it in the OCAR MLS, in many cases in less than 15 minutes. Currently BanCorp Real Estate Group serves the Coto De Caza, Orange County, California Real Estate Market. When the status is Active the property is available for showing.