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….


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

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