Barring the Door . . . to Everyone; 2 Pro’s — & (at Least) 1 Big Con Once upon a time, homes that were under contract, but not yet past inspection, were flagged on MLS with the suffix, “Sold, subject to inspection” (“SSI” for short). Then, that got truncated to just “i” — as in...Read More
What it Means For Competing Homes As Realtors if not the general public know, the MLS status “TNAS” — short for “Temporarily Not Available For Showing” — has a catch-all status, covering everything from an unexpected home repair, to the Seller having out-of-town company, to someone in the household being sick. Which is why it...Read More
If you want the scoop on a busted deal, a good starting point is the listing agent (representing the Seller). However, if you want the real scoop . . . talk to the former Buyer’s agent. That is, assuming you can find them — and if they’ll talk. MLS Status Once there’s a signed Purchase Agreement,...Read More
Why Most Buyers Skip Seeing Homes Under Contract But Not Past Inspection For the benefit of home buyers, sellers, and at least a few Realtors, herewith is a key explaining when home showings are still allowed under various MLS statuses (abbreviations in parentheses): “Active” (“A”): showings allowed (the more, the better!). “Active, Subject to Inspection” (“A,i”): depends...Read More
“Now You See It . . . Now You Don’t” Once a “For Sale” home is under contract, the usual convention is to switch its MLS status from “Active” to “A,i” for “Sold, subject to inspection.”* That lets all other prospective Buyers know that there’s somebody ahead of them. So, what happens if the Buyer’s...Read More
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...Read More
