Home Buying in 20901>Question Details

Obsessed Buy…, Home Buyer in California

We put a back up offer in on a pending sale. We heard through our agent that the seller wanted to sell to us

Asked by Obsessed Buyer, California Thu Apr 23, 2009

in lieu of the original contracted buyer, but they were unable to get out of contract. Now home is removed from MLS. We know escrow has not closed yet. Why would they remove from MLS?

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Answers

2
Dear Buyer,

First, let me sympathize. It’s a frustrating situation to both sides - for you and for the seller if the seller would rather sell to you. However, the seller must honor the terms of the primary contract, regardless of the fact that the secondary contract may be more attractive. There are a number of instances in which the primary contract may become null and void because of contingencies to which both parties have agreed. On the other hand, all the contingencies may have been met and the contract can no longer be voided. But unforeseen things happen (such as loss of job and, hence, no financing), so it’s never over until all the documents have been signed at the closing table. The listing is never removed from the MLS. It changes status. Thus, it is changed from "Active" to a different status. Since the actual MLS database is only accessable by real estate professionals, you're probably keeping track of the listing on one of the popular sites available to the general public. The MLS feeds only "Active" listings to the other sites. Some sites do not receive the updated feed as often as others and may show properties whose status has changed as still being active. The best thing to do is to ask your agent as to the status in the MLS. Good luck!
1 vote Thank Flag Link Sun Apr 26, 2009
Where is the property located, I could better answer that for you if I knew. What does your Agent say?
Ania

AniaMiller@kw.com
Web Reference: http://www.aniamiller.com
0 votes Thank Flag Link Thu Apr 23, 2009
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