Are you frustrated to find out that many properties listed for sale on sites such as Zillow and Trulia actually have accepted offers? That happens very frequently, especially at this time of year… because of activity like I had on my listings this week.
Six of our clients accepted offers on their homes listed for sale in the past week… but all of the offers were contingent upon an inspection. This means status was changed to "A,i"… which means it is still available for showing but not available for offers because it is sold subject to inspection… commonly known as SSI. Sometimes sellers don't want any more showings during this period and change the status to TNAS (Temporarily Not Available for Showings).
So when does the SOLD sign go up? In our market, the SOLD sign means the inspection contingency has been removed and the listing status is changed to PENDING so it no longer shows up as an Active listing. Pending status means it is waiting for closing when the title transfers to the new owner and the property is truly SOLD.
Wishing you would only get listings that are truly available… ones for which you can write an offer? Contact a Realtor. We can set up a search for you directly in the MLS source database and eliminate listings with contingent offers for less frustrating home searching!
Sharlene Hensrud, RE/MAX Results - Minneapolis-St. Paul Realtor