Tag

contingent

Name That MLS Status: “C-APPRE”

At Least, the “C” is Easy Even for a veteran Realtor like myself, it’s still possible to be thrown (at least occasionally) by an obscure real estate term. Case in point:  the MLS status “C-APPRE,” which popped up in the archive history of a Linden Hills home that my Buyer client is interested in. On a weekday,...
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When “Active” Doesn’t Really Mean “Active”: Displaying “Pending,” “Contingent on Inspection,” etc.

EdinaRealty.com, Now New & Improved One of the biggest frustrations for prospective home Buyers is finding a house for sale online that really . . . isn’t. That’s because the home already sold or, more commonly, is under contract but hasn’t yet closed. At the other extreme, there are also homes under contract that prospective Buyers...
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Misleading Short Sale Statistics

How Many “Active” Short Sales are Under Contract? Four thousand Twin Cities short sales — the number of “Active” such listings on MLS right now — certainly sounds like a lot. At least until you dig a little deeper. It turns out that roughly half of those are under contract. Because the bank(s) haven’t signed off yet, the...
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