Featured Homes in Almaden Valley 032209

March 22, 2009

Glenview Dr., $1,499,980, 4 Bedrooms, 3.5 Bathrooms, 2875 SqFt
Dalmeny Ct., $1,088,888, 5 Bedrooms, 3 Bathrooms, 2585 SqFt
Fleetwood Dr., $1,000,000 3 Bedrooms, 2    Bathrooms 2145 SqFt
Fleetwood Dr., $889,000, 4 Bedrooms, 3 Bathrooms, 2191 SqFt
Calcaterra Dr.,    $848,000, 3 Bedrooms, 2    Bathrooms, 1844    SqFt
Guadalajara Dr., $799,988, 4 Bedrooms, 2.5 Bathrooms, 2350 SqFt
Medallion Dr., $799,900, 3 Bedrooms, 2.5 Bathrooms, 2013 SqFt
El Paseo Dr., $799,000, 3 Bedrooms, 2.5 Bathrooms, 1739    SqFt
Cloverbrook Dr., $779,000, 4 Bedrooms, 3 Bathrooms, 2205 SqFt
Paseo Pueblo Dr., $770,000, 3 Bedrooms, 2 Bathrooms, 1680 SqFt

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Statuses of a Property

March 22, 2009

This property is “sold” may or may not mean it will close. In Santa Clara County, MLSListings Inc. service the local multiple listing service including Santa Clara County, San Mateo County, San Benito County, Santa Cruz County, Monterey County, and San Francisco County. Realtor® has used different status very loosely. A sold rider on top of the yard post should not mean contingencies are still yet to be removed. Let’s take a look at the different statuses.

An active listing means the house is available on the market. It also meant all the required paperwork is signed by all owners.

Pending continue to show with release clause is probably the most confused status. There is a ratify contract between buyer and seller. However, buyer has made the offer contingent upon selling and/or closing existing home. Seller can elect to accept another offer if the first buyer is not able or willing to remove the sale of property contingency in writing.

Pending Continue to Show seeking Backups status is somewhat self explanatory. Buyer does not need to sell their existing home. Buyer is yet to remove Property Inspection and/or the loan contingency.

Pending do not show should means all the contingencies in the contract are waived by the buyer.

Closed status is when a final sale has occurred. The ownership is transferred to the buyer.

Expired status is when the listing contract expired.

Canceled status is when the contract is canceled. However, it can be unconditional or conditional cancelation.

Withdrawn status means the property is no longer on the mls but a valid contract still exists with the listing broker.