January 23, 2014

Q: What is an Open Listing? 

A: “In the San Francisco Bay Area, off-MLS transactions rose from 15 percent of total sales in 2012 to 26 percent in the first quarter of 2013.” (Realtor Magazine, National Association of Realtors, November/December 2013)

Off-MLS transac...

March 8, 2013

Q.  What is the difference between “Pending” and “Looking for Backup” on the MLS?

 

A. “Pending” and “Looking for Backup” both mean a property is in escrow.  With “Looking for Backup,” the seller would agree to a backup offer. If the current deal in escrow falls through,...

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