Coming Soon listings continue to become more common as the local housing inventory tightens. It causes concern among buyers, sellers and real estate professionals. It has prompted real estate commissions across the country to issue guidance on the topic. Here’s what you need to know to keep informed and to understand all sides of the equation.
Can you schedule a showing for a home in Pending status? Does the Under Contract status mean that there is a chance the current offer on a home may fall through? Will the seller consider a back up offer from you in the case that the current buyer is unable to sell their current home soon? These are all fantastic questions and each property status requires these questions to be addressed in different possible ways.