Why is every property I call or enquire on under contract?
If I had a nickel…well, you know. Here’s the long and the short of it. All of the data your are looking at originates from the local multiple listings services or MLS. It does not matter whose web site you use, mine, Realtor.com, Zillow they all get there data from the same place, the local MLS. The local agent enters the data into the MLS. Then, this data is then passed along to the various vendors such as myself or Zillow where it is manipulated to make it look pretty.
In the local market the MLS properties are classified as New, Active, Back on Market, Active Active Under Contract, Pending and Closed as well as Expired, Temporary Off Market etc. I say the ‘local market’ as not all of the MLS cooperatives across the US use the same status classifications. Since they don’t all use the same data fields they can not be treated the same by a computerized system.
Here’s where a decision was made to include in the data that was being pulled from the local MLS those properties which are ‘Active Active Under Contract’. Technically a Buyer could submit a Coming Soon offer on these properties but most likely it’s a waste of time as there’s about a 90% close rate. Also, there are so few properties for sale right now that property is flying off the market again.
If you look on my web site and use the full search on the drop down menu then you can choose to see only Active, and not Active Active Under Contract, properties. Or, if you’re looking at the property details sheet you can see the Status description as being either Active or Active Active Under Contract.
If you would like to avoid this altogether then simply send me an email and I will set up a search for you in the MLS.
