Profile picture for LouiseBell8

Why would a home be listed as active contingent on day one?

My realtor gave me a list of homes available in the area and one is listed as active contingent. The mls is not available any where else online besides Arbor, not zillow, realtor.com, trulia or redfin. How is this?
  • March 31 2014 - US
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Answers (5)

Best Answer

This happens in my area too.  A new property will come on the MLS, zero days on the market and it is already under agreement.  The reasons have already been stated.  It can be frustrating when you see the house and it is perfect for your buyer who has been looking.  I have seen this happen very quickly with short sales.   Word of mouth travels quickly between friends, family and neighbors even before the sign goes in the yard.   Have your realtor keep an ear out for you, I'm sure she already does, and keep your own eyes and ears open you never know.
   
  • March 31 2014
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Word of mouth from neighbors or family members. Sometimes a sign may go up a few weeks before the property is listed on MLS because the seller is preparing the house. The house may also be marketed as an exclusive so the listing agent is the only agent showing the property before it gets listed on MLS and the contract comes in as it is getting listed on MLS.

  • March 31 2014
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Profile picture for Ofe Polack
When you have questions such as this, contact your Realtor directly so you can start building a relaltionship with the buyer agent.  Tim gave you a good answer.
  • March 31 2014
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Profile picture for LouiseBell8
Oh I did not know this. I thought the house would be listed on all platforms to help the seller get the most money for their home. This is a short sale property too.
  • March 31 2014
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Profile picture for Outer Banks N C
Sometimes it takes a week or more to get a house ready to be listed on the MLS. Sometimes an owner wants to get this and that fixed or painted and the Realtor knows it will be listed in a week or two when the owner is ready. In that time the Realtor talks to other agents and tells them about this listing coming in a few weeks. The other agents might have brought in an offer before it was listed, it happens more than you might think.

  • March 31 2014
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