Hi Kerin,
Marielle before me said it well.
To add to that....
Show Status allows for prospective buyers to continue to go into the house and decide if they would like to submit a back-up offer, or be prepared to make an offer if the 'contract with contingencies' falls through for whatever reason and the house comes back to the market.
Show Status does not mean there has been, is, or will be a "bidding war".
You can safely submit a back-up offer that is comfortable for you and may be attractive to the homeowner should the first contract not materialize.
Has this been helpful to you?
My office is in the center of Glastonbury and I am a Realtor with Coldwell Banker Residential Brokerage.
If I can be of help to you, I would be glad to go to work for you and help you find, succesfully negotiate, and see you through the entire home buying process from beginning to closing.
Ralph Ovalle - Sat Oct 31 2009, 13:01