Trulia Voices—07751

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

How long can the listing show as active on the MLS ( monmouth county ) while there is already a contract?

How long can the listing show as active on the MLS ( monmouth county ) while there is already a contract going on between the buyer and the seller ?

I see a under contract sign on th yard sign in front of the house but the MLSlisting shows as active.

Can the agents still show thje house to interested buyers while already a contract is in process ?
Sun Jan 13 2008, 18:54 - 07751 - Home Buying - 6 answers
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Bt
Just Looking
in nj ny
Bt, Just Looking in nj ny in nj ny
Answers (6)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Linette Carr… was FIRST TO ANSWER
Once a house is "Under Contract" (out of attorney review), the status in the Monmouth MLS must be changed to "Under Contract". As some have already pointed out, the Monmouth MLS does not have any designation for when a property is in attorney review. However, if this property is still in attorney review, there should not be an "Under Contract" sign on it.

Sun May 11 2008, 13:01
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Momouth/Ocean MLS does not have an A*.

I am a member of Garden Sate, Middlesex, Monmouth/Ocean, and Trend. Coding options vary in each of these MLSs.

Thu May 8 2008, 16:47
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Or, if it was a bank owned property it is often left Active while the bank processes whatever they do, taking weeks. Personally I think we all should mark them A* for attorney review. As agents we are not consistent among ourselves unfortunately.

Thu May 8 2008, 16:31
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Deborah is correct. However, Monmouth mls does not have an active under contract status. We are active, under contract, or closed. It is most like a home sale contingency where the attorneys have agreed to market the home and take back up offers, should the contingency not be met. Therefore, it doesnt go under contract in the mls.

Tue Jan 15 2008, 08:42
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
If there is a sale contingency in the sales contract, and the property will be continued to be shown, it may remain in the system as active. It does seem inconsistent to place a sign on the yard and not update the MLS.

Sun Jan 13 2008, 19:28
 
Useful
(1)
 
 
Not useful
(0)
 
 
report
 
FIRST ANSWER
If all inspections are completed and contingencies have been met and/or released then the property is pending and should be stated in the MLS. If there are still contingencies on the contract alot of realtors will wait before they put the contract as pending or sold. Your realtor should at least put it in the MLS as active under contract. Talk to your realtor and see why the property is still listed as Active. They should be able to tell you. If it shouldn't be they can discuss it with the listing agent and have it corrected.

Sun Jan 13 2008, 19:20
Web Reference: http://linettecarroll.yourKWagent.com
 
Useful
(0)
 
 
Not useful
(1)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Home_Buying/How_long_can_the_listing_show_as_active_on_the_MLS-18592--recent

Check out more Home Buying questions in 07751...

Steven Porzio, Real Estate Professional in 07712
Hi, I'm a newbie but here are some question I hope someone could help me with.
Answered Thu May 8 2008, 15:47 by Steven Porzio in 07751
Read all 4 answers
View more Home Buying questions and answers in 07751 >>