Many people have questions over listing status. This is a field, which
is often displayed next to homes or properties for sale on
many real estate web sites and they may vary by local MLS. For
the public, the most commonly
seen statuses for properties in Orange County, CA include:
Active, Backup Offers, Pending, Hold Do Not Show, Closed, and
Leased. Less commonly seen statuses include Expired,
Cancelled, and Withdrawn, although these are commonly seen by
statuses are also identical for homes for sale, for lease, for
lots and land, and for income
properties (duplexes, triplexes, etc). What do each of these
Here is a
recap of the listing statuses commonly found on the Orange
County MLS and related web sites
Active - The property is available for showings and for purchase (or
lease). This is the status that buyers generally look for when
they are seeking properties to purchase or lease. Note that
his does not necessarily mean that offers have not been
received; only that none have been accepted.
Backup Offers- Recently changed to Active,
Under Contract - An offer was accepted on the property and escrow was opened,
however the seller will still accept backup offers. This
status is commonly used during the 17-day buyer contingency
period, while buyers are examining and inspecting the property
and related documents. They may still cancel the purchase
during this period without risk to their earnest money
deposit. Although the chance that the buyer may cancel the
purchase is small, it is more likely that they will cancel
during the contingency period (Backup Offers) than later, after
contingencies have been removed (Pending).
Pending Sale - This status is
commonly used after Backup Offers status. This means that the
buyers have removed all contingencies like loan approval,
inspection, disclosures, etc. The buyer's intent to go forward with
the purchase is higher than with Backup Offer status, as the buyer's
earnest money deposit may now be at risk.
Closed Sale - The property has
closed escrow and has been successfully sold.
longer used) Same as above, but for leases.
Hold - This status obviously
indicates that the property is not available to be shown at
this time. This status can be confusing to the public, as
there may be many reasons why an agent chooses to place a home
in this standing. These can include: 1) The listing agent has
already received multiple offers and does not feel that
further showings would be productive. 2) Home owner reasons,
like visiting guests, on-going maintenance, owners are out of
town, etc. 3) For a lease, they have an accepted applicant but
do not yet have the paperwork or deposit check. Since there
can be many reasons for this status, I usually call the
listing agent to see if I can find out the specific reason,
and also to determine if showings will be available again in
the near future.
The listing agreement has expired with the property remaining
un-sold (or un-leased). There may be several reasons why the
listing expired, but the main reason is that the property did
not sell (or lease) during the listing period and the property
owners have decided to take the property off of the market.
They may re-list the property, but it will often be with
another agent than the one who initially listed it.
Cancelled - This status is similar to Expired, but it refers to a
situation in which the seller of the property and the listing
agent have agreed to cancel the listing prior to expiration of the listing agreement. The listing agent no
longer has listing rights to the property (no longer under
contract) and another agent is free to re-list the property if
the sellers so desire.
Withdrawn - Same as above, except the property is still technically
under contract to the listing agent for the remaining duration
of the listing agreement. It may not be re-listed with a
different agent until the original agreement expires.
If you have additional
questions about listing statues or other items on the MLS,
please feel free to give me a call!