Why Homes Are Showing Available When Already Under Contract

Posted by Kim Blanton on Sunday, January 1st, 2017 at 12:47pm.

Contingency Contracts

home contingency contracts As a REALTOR, I get many calls from buyers who have found a house on line and want to get more information.  So many times I have to tell them that the house is already under contract.  Yes, our Nashville TN area real estate is booming and many houses are under contract.  

The issue is that buyers are looking on 3rd party websites that do not show that a home is under a contingency contract and are still showing as Active.  This is because the listing agent will not toggle the listing as a Pending until the buyer contingencies have been satisfied. Those contingencies could be inspection period, financing, or buyer has a home to sell.  The listing agent wants to protect his/her seller and make sure the house remains on the market for the purpose of backup contract potential.

Buyers Agent

One of the best ways to stay informed of available homes for sale in the Middle Tennessee area is to have a Buyers Agent representing you.  Buyers Agents have immediate access to new listings to the market and know when homes are placed under contract in the Multiple Listing Service(MLS).  The public side of the MLS also does not distinguish between under contract and active listings.  The only way to know for sure what is available, is to have a REALTOR working on your behalf.  

Learn what a REALTOR can do for you. For personalized assistance, please contact Kim at 615-969-1460

SELLING LIFESTYLES, NOT JUST HOMES

 

kim blanton 20 years as a realtor

 

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