Test your knowledge of residential real estate, and take a crack at this multiple choice question.
What are possible explanations for a home being “TNAS” (Temporarily Not Available for Showing”) on MLS:
A. A pipe burst, and the owner is cleaning up the mess;
B. The owner is out-of-town for a few days, and doesn’t want any showings while they’re gone;
C. The home is under contract, and the Purchase Agreement specifies no showings while the Buyer is doing their inspection.
D. The home failed to sell at the current listing price — which is also what the owner currently owes on the home. The owner is now exploring a short sale.
Correct answer: all of the above.
In fact, there are even more possible explanations for “TNAS”: the owner (or someone in their household) is sick; the owner is hosting company/guests; or — especially over the holidays — the owner simply wants to take a break.
Which is why you really don’t know what’s going on with a TNAS property until you check with the listing agent.
P.S.: the use of TNAS for an “underwater” property (owing more than the home’s current value) is a new one, at least for me; I ran into it the first time last week on an Edina listing my Buyer wanted to see.
