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Answers (9)
- Pacita Dimacali
- Contributions:1254
Presumably when you say "contract" that your offer was accepted? Are you in primary position, or are you in back-up?
Since you said this is not a short sale, and that your contract was dated Sept 8, and if you have an accepted offer, depending on your loan, you should be near your close of escrow period assuming a 30 days escrow period.
What has happened since your contract was accepted? Have you gone through your buyer inspection, loan appraisal, loan approval periods?
What is your agent doing to follow up and to keep you apprised of your progress. Sounds like two agents are asleep here: yours and the listing agent.
Since you said this is not a short sale, and that your contract was dated Sept 8, and if you have an accepted offer, depending on your loan, you should be near your close of escrow period assuming a 30 days escrow period.
What has happened since your contract was accepted? Have you gone through your buyer inspection, loan appraisal, loan approval periods?
What is your agent doing to follow up and to keep you apprised of your progress. Sounds like two agents are asleep here: yours and the listing agent.
- Jeanne Feenick, "TopNJAgent"
- Contributions:149
Here in New Jersey we have a new status "US",ie, "Under Contract Continue to Show". It continues to syndicate among active listings so the public will still see the listing on sites such as Zillow, Trulia, Realtor.com, MLS. I am seeing more and more of this given the general uneasiness/skittishness in the market. If you are Under Contract, regardless of status on the MLS, your deal should be secure unless you do not perform.
- Venita Peyton, "Venita L. Peyton"
- Contributions:22
Seller may be accepting back up contracts. This is a nerve wracking problem for us Realtors, because we too assume that an ACTIVE listing means just that - that it is actively for sale.
On the other hand, anything can go wrong to interrupt your purchase - including title issues or your loan. So a Seller won't want to miss an opportunity that would be lost if its listed as Pending.
On the other hand, anything can go wrong to interrupt your purchase - including title issues or your loan. So a Seller won't want to miss an opportunity that would be lost if its listed as Pending.
- Gail Ferri Properties, "Gail Ferri"
- Contributions:26
It depends on the real estate rules for each state. Here in North Carolina, the property is not pending until the parties have gone through the due diligence period of inspections, and then agreed to go through with the sale. The due diligence time frame is negotiated at the time of the Offer. Until that due diligence period is complete, the property is listed as Contingent, and the owners are still allowed to show it.
- Alida05
- Contributions:9
Thanks for the responses. this is not a sort sale. I have not asked her yet but definitely will. the agreement was signed 9/8.
- Derek Rotzinger, "Derek Rotzinger"
- Contributions:31
All good answers. Regardless of the type of sale though, when there is a confirmation of acceptance, the status of the listing should change! Contingent if it's a short sale, pending if it's traditional.... anything other than active and I believe if it is not within 24 hours, the seller is not doing their due diligence. I would get on your agent's case about it. If not resolved, more offers could be submitted resulting in unnecessary issues.
- Matt Hiatt, "Matt Hiatt"
- Contributions:112
Once the buyer and seller have "meeting of the minds" and both have signed the contract, it should be under pending right away, unless it is ashort sale waiting for bank approval, then it depends on the state. Here in Arizona, they are usually listed as AWC (active with contingencies). Your agent should be able to give you the answer.
- Megan Tolland, "Megan Tolland"
- Contributions:1
Hi Alida,
MLS in the State of Massachusetts wants it reported either as under agreement, or have it listed as "offer accepted with back up showings requested" within 24 hrs of a signed offer contract.
I'd be curious to see what your agent says as well.
MLS in the State of Massachusetts wants it reported either as under agreement, or have it listed as "offer accepted with back up showings requested" within 24 hrs of a signed offer contract.
I'd be curious to see what your agent says as well.
- B Mike West
- Contributions:240
You are not giving us enough information. Is this a short sale or a bank owned home? Has the seller accepted your offer and provided a written acceptance?
In California a short sale property will be placed in short sale contingent status after the seller accepts an offer and while everyone waits for lien holder(s) acceptance. The listing agent and seller are hoping for another offer that they can use as a backup if the first offer is not accepted by the lien holder(s). That usually does not happen.
What does you Realtor say?
In California a short sale property will be placed in short sale contingent status after the seller accepts an offer and while everyone waits for lien holder(s) acceptance. The listing agent and seller are hoping for another offer that they can use as a backup if the first offer is not accepted by the lien holder(s). That usually does not happen.
What does you Realtor say?
currently under contract to buy a home. signed the agreement almost a month ago and the listing is.
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