Idaho Real Estate Listing “Status”
When searching for Idaho real estate or Boise Idaho short sales you’ll see a criteria line that says “Status”. Below are the definitions for the terms you may see. Please note: Agents are allowed 3 business days 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 short sale: There’s at least one offer on the property and are in the several month time-frame for lender approval of the short sale. You can read more about short sales here.
- Contingent Other: There’s at least one offer on the property but the seller retains the “right to continue to market” and accept other offers.
- Contingent Finance: There’s an offer on the property that’s contingent on buyer financing and the seller retains the “right to continue to market” and accept other offers.
- 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 has 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Withdrawn: The Idaho real estate listing was taken off the MLS.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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