Active Contingent listed house for 6 weeks- What does it mean?

[nsumner]

Originally Posted by loves2read

putting "contract pending" signs on the outside sign must vary by area--
in my area--Colleyville, Southlake, NRHills, Hurst--that can be seen fairly often--
especially in the past when the market was much more active--

when a realtor took a listing and got a contract after the sign was out just a few days--that was a way to advertise your "prowess/capability"--to get other people to list with you...

there is local realtor in that area who gives a "pending" status on her website for MLS listings--
unlike most other sites that just take the house out of their MLS listings altogether--like it was sold/closed

When I was actively shopping for house I liked to check her site because it was one way to see what type of house/area was the most competitive on the market--

This is very true, it varies by area. When I lived in Southlake I used the pending sign all the time but it was also those days where we showed homes and took contracts with us to beat the others.

The MLS requires us to change the status within 5 calendar days otherwise, if anyone reports us, we can be fined $50 for every day that it's not changed.

Naima