What Does Active Mean On Zillow?

Navigating the world of real estate can often be a confusing experience, especially when dealing with terms and statuses that are commonly used on online property platforms like Zillow.

One of the most frequent questions asked by potential homebuyers and sellers is: What does Active mean on Zillow? This term, among other related statuses, plays a significant role in how listings are presented on the platform.

In this comprehensive guide, we will answer this question and also clarify related terms such as “Active Under Contract,” “Active With Contingency,” and more.

Table of Contents

What Does Active On Zillow Mean?

The listing is not under contract, and the seller is open to receiving offers from potential buyers. Essentially, an Active listing is the property’s status when it is fully available for purchase.

The Basic Meaning of ‘Active’ on Zillow

The term “Active” on Zillow refers to listings that are currently available for sale. When you see a property labeled as Active, it means that the seller is actively looking for a buyer, and the home is still on the market.

Why is ‘Active’ Important for Buyers?

As a buyer, understanding that a listing is marked as Active means that the property is available for showings and is up for negotiation. This is the first step in engaging with a potential property. You can schedule a visit, make an offer, and begin the process of negotiation. A property that’s listed as Active could soon become Under Contract once an offer is accepted.

The Importance of Zillow in the U.S. Real Estate Market!

Zillow has had a significant impact on the real estate industry in the U.S. and beyond. Here’s why Zillow’s importance cannot be overstated:

Empowering Homebuyers and Sellers:

Zillow has empowered millions of homebuyers and sellers to make more informed decisions. The platform provides:

Home Value Estimates (Zestimates): Giving buyers an idea of what a home might be worth and helping sellers price their homes accordingly.

Access to Detailed Listings: Comprehensive property listings with photos, descriptions, and historical sales data.

Market Insights: Zillow offers valuable market statistics, trends, and neighborhood data that help users understand local real estate dynamics.

Real-Time Property Listings and Information:

Zillow’s real-time updates on property listings ensure that homebuyers and sellers have access to the most up-to-date information. For sellers, this means more visibility for their properties. While buyers have access to the latest homes on the market.

Enhancing the Role of Real Estate Agents:

Zillow has transformed the role of real estate agents by making their services more visible and accessible. Through Zillow’s platform, agents can:

Promote Listings: Real estate agents can advertise their listings to a vast audience.

Gain Reviews: Zillow’s review system allows consumers to rate and review agents, helping others find reliable professionals.

Reach a Larger Audience: Zillow has expanded agents’ reach by providing an easy-to-use platform for homebuyers to find them.

A Powerful Platform for Real Estate Investors:

Zillow has also made it easier for real estate investors to research potential properties. Investors can use the platform to:

Track Property Value Trends: Understanding how property values are appreciating or depreciating in different areas.

Identify Investment Opportunities: Zillow’s data-driven tools allow investors to evaluate and track opportunities.

Zillow’s Impact on Real Estate Buying and Selling!

Before Zillow the process of searching for homes was limited to print listings, newspaper ads or working directly with a real estate agent. Today, almost every real estate transaction starts online, and Zillow plays a pivotal role in this shift.

Buying a Home: Zillow allowed buyers to browse homes at their convenience, gather information on properties, and even get home value estimates without stepping foot in a house. It changed the home-buying process by making it more self-directed.

Selling a Home: Sellers could list their homes on Zillow, reaching a broader audience. Zillow’s easy-to-use platform also enabled sellers to manage their listings more effectively.

What Does Active With Contingency Mean on Zillow?

An Active With Contingency listing on Zillow means that an offer has been made and accepted, but the sale depends on certain conditions being met. These conditions are known as contingencies.

Some common contingencies include the buyer securing financing, passing a home inspection, or selling their current property before finalizing the purchase. The most common contingencies are:

Inspection Contingency: The buyer can cancel the deal if the home inspection reveals significant problems.

Financing Contingency: The buyer’s offer is contingent on them obtaining a mortgage.

Sale of Current Home: The buyer needs to sell their current home before purchasing the new one.

What Does Active Under Contract Mean On Zillow?

“Active Under Contract” on Zillow refers to a property that has an accepted offer but the sale is not yet finalized. This status means the seller has agreed to terms with a buyer but there are still steps in the process that need to be completed before the transaction is fully closed.

While the home is technically under contract it remains listed as Active to signal that the sale hasn’t been completed yet. The property may still be available for backup offers. If something goes wrong with the current buyer’s financing or other contingencies, the deal could fall through, and the seller may consider another offer.

What Does Active vs For Sale Mean on Zillow?

If you’re wondering what does Active vs For Sale mean on Zillow, it’s essential to understand the distinctions between these two statuses.

Clarifying the Differences:

You might notice listings labeled as Active and others as For Sale. Here’s the difference:

Active listings are properties that are being actively marketed by the seller and are available for offers.

For Sale is a more general term, meaning the property is being sold, but it may not be as actively promoted.

Why is ‘Active’ More Specific?

An Active status means the home is currently available for showings, offers, and negotiations. The term For Sale could refer to properties at various stages of the sale process, not necessarily actively being marketed or shown.

What Does Active Offer No Bump Mean on Zillow?

Another phrase you may come across on Zillow is “Active Offer No Bump.” This status means that the seller has received an offer they are satisfied with but they are not accepting any additional offers unless there is a significant issue with the current one. The term “No Bump” essentially means that the seller will not entertain backup offers unless the original offer falls through.

As a buyer, encountering a listing with Active Offer No Bump means you likely won’t be able to submit an offer unless the deal breaks down. For those interested in a home that has already received an offer, it’s important to understand that this status doesn’t leave much room for negotiation unless a problem arises with the current deal.

Zillow’s Future – Expanding and Innovating!

Zillow’s innovative approach to real estate has paved the way for other tech-driven platforms to emerge in the real estate space. As of today! Zillow continues to innovate and expand its offerings:

Zillow Offers: A program that allows homeowners to sell directly to Zillow, bypassing traditional agents and listings.

Zillow 3D Home Tours: Virtual tours of homes, helping buyers get a feel for a property without visiting it in person.

Zillow Rental Manager: A tool designed to help landlords manage rental properties and screen potential tenants.

FAQs:

How Does “Active With Contingency” On Zillow Impact Potential Buyers?

For interested buyers an Active With Contingency listing means that the property has an offer but it’s not yet fully sold. It’s essential to stay updated on these types of listings, as the sale could fall through and the property could return to the market.

Why Sellers Mark Homes as Active?

For sellers, having a home marked as Active on Zillow ensures that the property is visible to the maximum number of buyers. This helps increase the chances of selling the property quickly by attracting more inquiries and offers. An Active listing is essentially a tool used by sellers to actively market their home.