Idaho Real Estate Listing “Status”

Posted by Jace

May 26, 2009

When searching for Idaho real estate or Boise Idaho short sales you’ll see a criteria line that say’s “Status”. Below are the definitions for the terms you may see. Please note: Agents are allowed 3 business day’s to make status changes. You can call or email me to find out the most up-to-date status on a particular property.

Active: The Idaho real estate listing does not have any accepted offers.

Pending: When a property receives an accepted offer, the listing is changed to “pending” unless the seller retains the “right to continue to market”.

Contingent: An Idaho property that has an accepted offer(s) but the seller retains the “right to continue to market” and accept other offers.

- Contingent Other: Most often this is the status used when a property is a short sale and waiting for lender approval.

- Contingent Finance: Buyer financing.

- Contingent Sale: Contingent on the sale of the buyer’s property. Typically these have a “bump” clause: Should the seller receive another offer, the buyer has X number of hours to terminate the contingency and proceed to closing.

- Contingent Multiple: The seller has an accepted offer and at least one back-up offer.

Cancelled: The Idaho real estate listing was terminated by agent and seller. Sometimes listings are canceled and re-listed to try and refresh “day’s on market.”

Withdrawn: The Idaho real estate listing was taken off the MLS.

Expired: The listing expiration date passed without being extended.

Please be aware there may be alternative reasons for a particular Idaho real estate status. Please contact me with any questions. Search Idaho Real Estate now.

Disclaimer: Information not guaranteed.

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