What does "Show" Status Mean?
You may have come across a listing that says "Active Continue to Show," "Pending continue to show" or "Show"..
What does this mean, is this home available? Can I still see it?
The seller of this property has received an offer, negotiated and signed a contract with a buyer already. It is under contract.. On one hand some sellers don't want the hassle of more showings while being under contract so they will mark as "Pending" or "On deposit."
However MOST sellers don't want to lock their home down for weeks for this one contract incase the unfortunate and unexpected event that contract not work out... They want to be proactive and still show home the home as well as accept possible back up offers. "Active Continue to Show" ("pending continue to show" or "Show") means the property which is under contract, is still available to be viewed and possibly accept back up offers. Back up offers can be negotiated and agreed upon, and only IF first contract is terminated for not having met contingencies whether be inspection, financing etc.. the backup offer will go into first place then and only then. This wastes no time, eliminates fear of others swooping in or losing the house again if it becomes active. Sometimes its best to just watch the properties to see if they come back on, other times its good to still see it and put in a back up offer.
However in a perfect world the first contract works out, has removed its contingencies and goes towards closing, that is when the seller will put property listed as "Deposit" or "Pending" unavailable for showings.
It is always best to refer to your Realtor if you have interest in a property along with what its status is and means.
11/17/2022 01:12:46 pm
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Kelly S Ryan
William Raveis Real Estate