Active or Pending?

This week’s Title tells all: If you have an executed contract, the listing should be in Pending with subject to inspections, third party approvals, etc.  It should NOT be Active! It could also be Pending Back-up – signaling to all that your seller is accepting back-up offers should the first falls through.  I called 4 active listings yesterday only to find out they all were Under Contract.  One listing I called, the agent said there were 3 offers on the table. Unless my Buyer wants to get into a bidding war, I suggest they decline to make an offer.  Many agents don’t know how to handle a multiple offer scenerio, and in some cases, I have seen Buyers file a lawsuit against a Seller and the listing agent for (as their lawyer claims) torturous interference of a contract.

So to all my Fellow REALTORS out there, I know in many areas the inventory is thin or non-existent, but to save us all time and effort, please be upfront and following MLS Rules…is your listing Active or Pending?

Until Next Monday….

 

Advertisements
This entry was posted in 2016 President, A Better You, Conversations, Florida REALTORS, General, Hot Topic and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s