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Ned, Home Buyer in Chicago, IL

what exactly does CTG mean as a status in the MLS?

Asked by Ned, Chicago, IL Thu Dec 31, 2009

i found a condo i really liked, only to find out it is under contract. the status on mls says contingent. my realtor says i can't go on a showing if it is under contract, are offers not accepted either? how do i find out what the contingency is or is that just the status that is used until everything is agreed upon and it closes?

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CTG is short for Contingent... but Connect MLS (our local MLS) probably notes what type of contingency... for example it could read CTG-A/I (attorney / inspection)... or CTG-HS48 (house sale / 48 hour kick out).

It's up to the seller to determine if they want to continue showings during a contingency. Your Realtor can call their realtor who will happily tell them the circumstances of the contingency, and whether or not they'll allow any addtional showings.

Good luck.
2 votes Thank Flag Link Thu Dec 31, 2009
Alan May, Real Estate Pro in Evanston, IL
MVP'08
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