Listing Status

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During the lifecycle of a sale, a home changes its listing status numerous times. Whether you are purchasing a new home or placing your house on the market, it is important to understand what the various terms mean in order to take the appropriate actions.

ACTIVE

An active listing is a home available for purchase, with the seller accepting offers. This is the most common type of listing status that you will see.

CANCELLED

A cancelled listing is one that has been taken off the market by the seller and the contract has been terminated. There are several reasons why a listing would be cancelled, including the decision not to sell at all, use a different sales associate, and/or re-list the home as a new listing to increase traffic and interest.

CLOSED/SOLD/CLOSED SALE

A closed home has been purchased by another buyer and is no longer for sale.

CONTINGENT/UNDER CONTRACT

A contingent listing means that the sellers have accepted an offer on the property, but this is not a done deal. Success of this sale still relies on a couple of factors, including the home inspection and financing. You may still have a chance of purchasing this property, so if you are interested in the home, try to submit a backup offer in case the current one falls through.

EXPIRED

An expired listing is one that has reached its duration on the market under the current seller- broker agreement. When a homeowner utilizes the services of a sales associate, that relationship usually has a pre-determined expiration date. The seller can then re-list the home with the same sales associate, try a new one, try finding a buyer on their own, or just give up on selling entirely. An expired listing is not necessarily gone from the market forever.

NEW

A home is usually listed as new when it first enters the market. After a period of time, the listing status will change from new to active.

PENDING

A pending listing is one that is under contract and pending closing. Once a home is pending, the lender, escrow agent, or attorney will process the mortgage loan and title documents to ensure the deal closes in a timely fashion. A seller may still accept backup offers when their home is pending, but it is best to check with your sales associate on this matter.

PRICE CHANGE

A home classified in this manner has indeed gone through a recent price change, either an increase in price or a decrease. A decrease is most often exemplified as reduced.

WITHDRAWN

A withdrawn listing is a home that has been taken, generally temporarily, off the market by the seller but whose contract remains in effect. Reasons for withdrawing a property include repairs, home improvements, new selling strategy, vacation, illness, etc.

AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore Metro, Federal Hill,  Harbor EastPhoenix, Timonium, and Westminster. Pennsylvania real estate offices include Lancaster, Ephrata,Elizabethtown, Mt Joy, Quarryville, Camp Hill, Carlisle, Chambersburg, Harrisburg,Hershey, Lebanon, Schuylkill Haven, Wyomissing, York, Dallastown, Gettysburg,Hanover, and Shrewsbury.

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