What’s the STATUS?

Hi everyone!

Lately, we have been getting a lot of new buyers, which we LOVE! One of the things they count on us for is to understand the MLS (multiple listing service) and be able to answer any questions they may have.  A common misunderstanding we come across with newbies to the real estate market is not understand status and the difference between the status abbreviations you may see on website such as Realtor, Zillow, Trulia, Homes.com, etc. Here’s a full breakdown from us at Sunshine Realty to help anyone and everyone out for future reference 🙂

A: A means active. Property is available and can be scheduled to be shown.

CN: CN stands for Contingent NO kickout. This means there is a contract on the home and it stands to be a solid contract. All that is pending is the closing of the sale. Most times, home is unavailable to be shown. If it is available to be shown, it should be in agent remarks and it is usually just to accept possible back up offers.

CW: CW stands for Contingent WITH kickout. This one is probably the most confusing to our customers. If a home is contingent WITH a kickout that typically means that the buyers still need to sell their home and the contract is contingent upon that. Most of these have a kickout clause where if a buyer comes in and wants to purchase that home, they can kick the current contract out within 48 hours if the current buyers cannot secure financing.

P: P stands for Pending. Same as CN. Contract on home and is just pending on the closing of the sale. Typically unavailable.

O: O means Option. Same as P and CN,  option is a contract on a specific piece of real estate that allows the buyer the exclusive right to purchase the property. The buyer has the option to buy the property within a certain timeline, however, the seller cannot sell to anyone else in that period.

We hope this is informative for you and that this helps you in your future endeavors. We understand that real estate can be a bit confusing and we are here to help clear any of that up for you as much as we can! Give us a call today, this week, next week or whenever you need us at 636-336-1330 and ask for Ashley :).

Have a Sunshine week everyone! Stay warm in these ranging temps 😉

-The Sunshine Team

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FHA Approved Condominiums in STL County!

Did you know that not ALL condominiums support an FHA loan? Here is the current FHA approved condo list for St. Louis County

5330-5360 Pershing Condos

Arbor Creek

Arrowhead

Ashton Place

Autumn Lakes

Barrington Downs

Bexley Station

Blu

Brentwood Forest

Bridgewater Cove

Burtonwood Manor

Cameo

Carriage Parc

Carroll Wood

Cliffridge

Coachlight Townhomes

Conway Meadows

Country Stone Manor

Creve Coeur Crossing

Creve Coeur Station

Crown Loft

Cypress Station

Debaliviere Place West Phase 1

Executive House

Foster Springs

Genesee Park

Geyer Place

Greenbriar

Hanna Place

Hickory Sound

Highlands @ Hickory Sound

Kiefer Creek

Kirkwood Place

Lucerne

McKnight Crossing at Tilles

Mill Crossing

Moreale

New England Village

Parc Lorraine

Parkside

Pershing Avenue

Queen Anne

Railway Lofts

Ridgeview Place

River Oaks

Rossridge

Royal Arms

San Luis

Senate Place

Spring Creek

Spring Hill Farm-D002315 001 142 RESIDENTIAL UNITS

Summer Tree Village

Summit Lofts

The Knickerbocker Condos

The Randolph Condos

Timber Hills Garden Condo

Town Square

Treetop

Trianon at Southwoods

Twin Willows

Union Garden

Victoria Crossing

The Villas at Kenrick

Westport Crossing

Woodland Crossing

Woodside Trails

We hope this is helpful for you in your future buying and selling needs. And Remember, we are ALWAYS here for you when you are ready :). Have a great rest of your week St. Louis!

-The Sunshine Team

Making a Move with Pets!

We here at Sunshine Realty LOVE  animals! However, we understand that it is difficult to coordinate schedules for showings and moving while keeping them with you. Here is a list of tips for all of our homeowners who plan on making the move soon and have our furry friends ❤️. Have a Sunshine Day and Happy New Year!!!

-The Sunshine Team- Ashley, Evelyn and Dana

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