![What Does Active Contingent Mean in Real Estate?](https://b2159820.smushcdn.com/2159820/wp-content/uploads/2023/06/contingencies_in_purchase_agreements.jpg?lossy=1&strip=0&webp=1)
What Does Active Contingent Mean in Real Estate?
If a home is listed as “Active, subject to inspection,” the buyer and seller have signed a purchase agreement (contract), but the buyer is allowed to cancel the deal if the buyer does not like the results of the home inspection. Usually these inspections take place a few days after the purchase agreement is signed. The contingency is removed after the buyer is satisfied with the inspection results.