December 5th, 2007

MLS Tips: Status

Status is: A = Active O = Contingent Show meaning under contract but not strong. For instance, perhaps the buyer has to sell a property first or either buyer or seller has an out. C = Contingent meaning under contract with contingencies not yet met, but no reason to think they won’t be P = [...] . . . → Read More About MLS Tips: Status

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December 5th, 2007

MLS Tips: Types of Residential Properties

When you search the MLS, you’ll see properties listed by "Type." These are pretty much self-explanatory, but just in case there’s a question, here’s the skinny: SF = Single Family C/T = Condo/Townhouse DU = Duplex MU = Multi-Family MH = Mobile Home* *A mobile home is only eligible to be in the MLS if [...] . . . → Read More About MLS Tips: Types of Residential Properties

April 16th, 2007

DOM

DOM means Days On Market, a critical factor when figuring a property’s value using the comparable sales approach. The number you see listed is often NOT accurate. When a property comes back on the market or is re-listed with the same REALTORĀ®, the DOM counter is almost always set to 0. This is due sometimes [...] . . . → Read More About DOM