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The 7 Statuses For Real Estate Listings


  What do the different real estate listing statuses mean?


When searching for homes online, you may have noticed different labels on each listing also known as the status. Here is a look at what the different statuses are that an agent can label a listing in the MLS (Multiple Listing Service) as well as what some of the online search sites call them.


Active/Available- 

This is the first listing status you'd see when a home first hits the market. Just as it sounds, the property/listing is active or what some sites call, available. This means the seller has not yet accepted an offer. Call your real estate agent quick to set up a showing!

Active Under Contract/Contingent-

This status is one you see happening second, the property is under contract. This means the seller has accepted an offer but they will allow for back up showings. Another note with active under contract is that this status allows for the home searching sites to continue to market the property. You may see this status labeled "contingent" on your online search sites.

Pending/Off Market- 

This status is the alternative choice the seller can choose to active under contract. If the property is pending, that means the seller accepted an offer but they will not allow for any back up showings. Setting a listing to "pending" removes the listing from all marketing/search sites which then makes it appear with a label of “off market”. If you saw a home online and couldn't seem to find it the next day, it may be because it went pending so has since been removed from the site you are searching with.

Expired-

When a listing agent inputs a listing, they tell the MLS (Multiple Listing Service) database when their listing agreement with their seller client expires. If the expiration day comes and the seller does not renew the listing agreement, the listing will then default to expired status.

Withdrawn- 

Usually when a seller requests to withdraw a listing, that means it was taken off the market temporarily. Perhaps they want to make some repairs, or something came up that they need to stay put for a bit etc.. You can always have your real estate agent reach out the listing agent of a withdrawn listing to see if they can get insight of when it will be back on the market again.

Terminated- 

When a listing is terminated, you won't see that listing come back active again the same way. Perhaps you will see the home listed again, but may not be for 30 days or more, or you may see it back on the market but with a different listing agent. Usually the agreement between the listing agent and the seller is terminated as well when the listing is set to terminated.

Sold/Closed- 

This one is pretty easy to understand. When the listing is labeled sold or closed, someone has purchased the property and the seller has transferred ownership over to them officially.


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