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How can I tell if the home I'm interested in is an active listing and not a short sale?

  • October 26 2011 - Natomas Park
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Answers (7)

Get a Realtor to review the information and inform you.  Realtors can set the criteria to only send you either type of sale and can show you how to tell the difference.
  • December 08 2011
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Short-sales are active listings, so be careful of the terminology you use. It seems that you are trying to distinguish between short-sales and full arms lenght transactions (normal says). On any listing, look for terms like "short-sale," "lender approval required," or "third-party approval required." All of these terms indicate that the property is a short-sale.
  • December 03 2011
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You have to be very careful when you look at listings, because the feed from MLS--MetroList Prospector--will identify them in 2 different ways, if they are on the market for sale and not in pending status. That status will be "active short sale" or "active short contingent." The active short sales are generally still available for sale. The active short contingents have an offer on them, and the only way to get an offer signed when there is already an offer accepted is to go in back-up position.

Some agents don't know this, but if the listing agent is directed by the seller to send the back-up offer to the bank, then the agent must inform the first buyer's agent of this action. This is how you can knock out another buyer if you really want the home and the seller is willing to do it. Find yourself an experienced short sale agent in Sacramento.

Elizabeth Weintraub
Broker-Associate #00697006
Lyon Real Estate
  • October 30 2011
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Dear Alexxme,
For accurate and detailed information, as well as skilled and professional service, you need your own Buyer Agent. I would recommend you interview several agens working in your area.
  • October 27 2011
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Profile picture for RealtyTeam916
The best thing to to would be to consult a Realtor. Realtors subscribe to a strict code of ethics. As a buyer you do not pay for their services. The sellers pay for your Realtor services. You want a buyers agent to look out for your best interests. Make sure that they make you feel like you are important & not an inconvienece. You should be treated with respect & kindness. Have a great day :)
  • October 27 2011
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Look up the property at metrolistmls.com for homes in the Sacramento/Placer/El Dorado area. Remember that "active" includes bank owned listings. If you still need help, I'd be happy to assist. Good luck!
  • October 27 2011
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Profile picture for sunnyview
The best way to check is by calling a local agent. Most short sales are listed that way int he MLS, but may not say one way or another on sites where they are posted for sale.
  • October 27 2011
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