What does B mean on MLS listing?
M – Model – Not for Sale. B – Show for Backups – Under Contract. P – Pending – Under contract, no more showings.
What do MLS statuses mean?
MLS is short for the multiple listing service. The Multiple listings service is a system whereby real estate agencies disseminate information about properties from one real estate agent to another online. The first multiple listings service was created in the 1800s.
What does status h mean in MLS?
Hold
Closed (S): The sold status is for all properties entered in the MLS that have been sold and closed. Hold (H): Hold is for properties that have been temporarily removed from the active status and are still listed with intention of returning to active status in a short period of time.
What does status U mean in real estate?
ACTIVE UNDER CONTRACT
ACTIVE UNDER CONTRACT (U) Offer accepted and either: 1) seller requests that property remain in an On-Market status and is looking for back-up offers, or; 2) the sale is subject to court or other third-party approval.
What does BB mean in real estate?
BB: Baseboard. BR; BD: Bedroom. Bsmt; Bmt: Basement.
What do the letters in front of MLS mean?
Multiple Listing Service (MLS) Definition.
What does MLS status pending mean?
Other common contingencies include a mortgage or financing contingency and an appraisal contingency. A pending status indicates the seller and their agent are confident the sale has passed its major hurdles and is on its way to closing.
What is difference between contingent and pending?
The difference between pending and contingent is that pending means the home is already under contract with another buyer and that all the terms and contract work has been done. Meanwhile, contingent means that the closing is still contingent on one or more factors being met.
How do I change my listing status on MLS?
Go to Add/Edit listing, choose the listing you want to change the status on, below the listings are located the categories, choose Change Status/ Price/ Listing Agent, scroll down till you reach the status you want the listing changed to and update.
What does U & O stand for?
A use and occupancy agreement – sometimes referred to as a U&O – is a temporary agreement between the buyer and the seller that allows one party the right to use and occupy the property for a set period of time.
What does XD mean in MLS?
XD is a symbol to indicate that a security is trading ex-dividend.
What does op mean on MLS?
OP. Occupancy Permit. Business, Property, Real Estate Advertising.
Can you offer less than asking price on a house?
Although it’s possible to buy a home at or below the asking price, offering over the asking price is actually quite common, as it’s not unusual for real estate agents to intentionally list a property at a slightly lower price than the home value to attract more potential buyers.
Why would a house go from pending to active?
If a property goes from Pending to Active, this means the original contract fell through for some reason (Buyer terminated during Option Period, Buyer couldn’t obtain financing, Contingency fell through, etc.).
Does pending mean sold?
A pending sale in real estate simply means that the seller has received and accepted an offer on their home. However, the deal is not yet finalized — hence “pending” and not simply “sold.” If you’re interested in a pending property, your agent should consult with the seller’s agent to learn more about the status.
How long does it take to go from contingent to pending?
It all depends on how long the escrow process is and the agreed upon contingent time frame, but you can (usually) expect a house to go from contingent to pending in about nine days.
Why would a house go from pending to contingent?
A property listed as contingent means the seller has accepted an offer, but they’ve chosen to keep the listing active in case certain contingencies aren’t met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
Why cant I edit my MLS listing?
You can only make changes to listings that are in the following statuses: INC, Coming Soon, Active, Under Contract-Continue to Show, Temporarily off Market, Withdrawn and Under Contract. If your listing is in a permanent off market status (Closed, Canceled or Expired) you cannot make any changes to it.
What does canceled mean on MLS?
Under the Bright MLS Rules & Regulations, “Expired” or “Cancelled” status means that there is no longer an active brokerage agreement/listing contract with the seller.
What is CC medical abbreviation?
A measure of volume in the metric system. One thousand cubic centimeters equal one liter. Also called cc, milliliter, and mL.
What does u o mean in nursing?
UOP, UO, U/O. urinary output.
What is XB in stock market?
XB displays for a security from the morning of the ex bonus date (generally one business day before the record date) and remains until the close of trading on the bonus issue date.
What is a cheeky house offer?
So, here it is a cheeky offer refers to any offer you make that is over 10% below the seller’s asking price. As such, it’s subjective, as there’s no fixed percentage.
How do I make a low offer without insulting?
Lowballing 101: How to Avoid Insulting a Home Seller when Making a Low Offer for Their House or Condo
- Make a List of Necessary Improvements.
- Explain Any Issues with the Location.
- Provide Pricing for Comparable Homes in the Area.
- Consider the Seller’s Reasons for Selling.
Do pending sales ever fall through?
One of the most common reasons a pending sale falls through is that the buyer isn’t able to qualify for financing. Eighty-eight percent of home buyers finance their homes, according to the National Association of Realtors (NAR) 2018 Home Buyers and Sellers Generational Trends Report.