Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago, 11/12/2020

User Stats

234
Posts
163
Votes
Dani Beit-Or
  • Investor
  • Irvine, CA
163
Votes |
234
Posts

MLS "Pending" Regualtion - OK or Not?

Dani Beit-Or
  • Investor
  • Irvine, CA
Posted

I have done many many many transactions as both seller and buyer. 

As a SELLER I have to say I hate that there is such MLS regulation that specifies, at least w/ every MLS I worked with (many), that once a property goes under contract MLS statues needs to be changed to "Pending" or "Contingent"

Am I the only crazy one here who is annoyed by it? 

We all know that buyers don't shop pending homes. And if 20%-25% of deals fall through sooner or later I would like to keep showing my for sale house and build a backup list of buyers.  This will empower me when buyers are playing "tricks" of delaying and asking for more things or dragging their feet. 

This MLS regulation really both weakens my position and causes me to lose time and $$$ in case a closing doesn't take place.

Does anyone feel the same?

Have you seen something different?

Is there a way around it? 

Loading replies...