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


We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team


Lake Saint Louis: DID YOU KNOW???

Good gloomy afternoon Sunshiners!

Today’s spotlight is on our office neighborhood: Lake Saint Louis, Missouri. What an amazing town. 2 man made lakes, the 10 mile blvd, gorgeous parks, plenty of shopping and all the El Maguey you can eat :). Our DID YOU KNOW for today is all about Lake Saint Louis and the community association. In Lake Saint Louis, you are either in the CA or not in the CA. The CA has golf, tennis, a public swimming pool, exercise facility and access to the two lakes via the various marinas. THIS YEAR, the CA raised their yearly fees from $450 to $600. If you are buying a new home at all in the CA, your price will be raised to the $600. If you are already living in the CA, your price remains at the original $450 as long as you stay in the home. If you are in the CA, but decide you need to up or downsize and would still like to live in the CA, your fees will raise when you move. Now you know!

Have an amazing long holiday weekend everyone and stay safe and keep an eye on that bird! 😉

-The Sunshine Team

Ashley, Evelyn & Dana