House still shows pending but has sold and closed?
18,420New builder construction inventory house sold a week ago - sign came down, people moved in, etc. but it still shows as PENDING in HAR, MLS etc. Are they required to update status once it is closed? BrazoriaCAD still shows builder as owner - no deed updates.
14 answer(s)
About 3 years ago
Hopefully this was not the particular home that you were interested in. Finding a home in the HAR system should be accurate as of three days within a sale occurring. An agent has access to internal sales and other information as well and can help you decipher through what may or may not be available. In the event that it was the home that you were wanting, may this not happen too often. Meanwhile, there are more new homes listed on the market daily and HAR is the best source to find a home and a great agent.
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DislikeAbout 3 years ago
Hi Ben, yes the listing agent is to change the status within 3 days time, however this sometimes doesn’t happen. Usually a quick reminder should rectify the situation. As far as the appraisal district the change in status in their records can take longer. A quick call may move things along faster.
About 3 years ago
In a perfect world, three days is the allocated time to update a listing's status as sold. It doesn't always happen this way, but in the majority of the cases, it is not done maliciously by the listing party. Usually a quick phone call to the responsible parties gets the job done.
About 3 years ago
It should have been switched within three days or the listing agent could be fined. Hopefully a simple reminder will work.
About 4 years ago
Listing agent should do it no later than 3 days after closing...
About 4 years ago
Hi Ben. Many agents neglect to change the status within 3 days so it is best to always contact selling agent to verify status not to waste your and your clients time and efforts.
About 4 years ago
We (Realtors) are responsible to update the MLS system; however, when builders are somewhat in control of updating the system, their reps don't always update in a timely manner as we are suppose to update within 3 days of closing. In addition, it may be that there are more than one home identical and with their inventory, and many reps working with the builder it can take a little more time to update the system. This is not an excuse, but what I've noticed as opposed to the process of a resale home and will happen when the market is busy and homes are selling a lot.
About 4 years ago
Unfortunately some Builders work with certain agents to advertise their homes but do not let agents know that the property was sold. Legally the agent is responsible for removing property off the market. I’ve had instances where my client the buyer has questioned if I have provided them with the correct information because they will see it on the MLS as active. I literally had to report the agent after a month because my clients thought I was providing false information and I just didn’t submit an offer for them. At least with this one it showed as Pending not Active. Active means you can still submit an offer. Pending is already under contract and it’s just waiting to close. Typically it takes 45 days to close but time can vary depending on the buyers Lender.
Good Luck and hope this information was helpful.
Good Luck and hope this information was helpful.
About 4 years ago
Whether it is new construction or a resale home, if a house is still showing pending after it has closed, it’s because the agent or someone in the office just hasn’t gotten around to changing the status of the listing.
Usually, this is not done on purpose.
HAR requires that the listing is updated within 3 days of a status change. However, occasionally these admin tasks slip through the cracks and don’t get completed on time, every time.
The best thing you can do is contact the salesperson that represented the builder during the transaction and give them a head’s up that the status needs to be updated. They will usually know who to contact within the company to get the situation remedied pretty quickly.
Usually, this is not done on purpose.
HAR requires that the listing is updated within 3 days of a status change. However, occasionally these admin tasks slip through the cracks and don’t get completed on time, every time.
The best thing you can do is contact the salesperson that represented the builder during the transaction and give them a head’s up that the status needs to be updated. They will usually know who to contact within the company to get the situation remedied pretty quickly.
About 4 years ago
Hi Ben, as per MLS rules in three days status need to be updated. For the deed is not controlled by MLS, title company usually files the deed. And depending on the time of the year and county, it can take somewhere between week to months. You can reach out to the builders and ask them to update the MLS listing and also reach out to title company to confirm if the deed has been filed with the county.
Regards,
Cagdas Acar
Msc PSA CPE VLB
acarster@gmail.com
832-283-1091
Regards,
Cagdas Acar
Msc PSA CPE VLB
acarster@gmail.com
832-283-1091
About 4 years ago
In most new construction transactions the Listing Agent is a limited Listing agent and has no first-hand knowledge in the actual sale of the listing. The listing agent is required to close out the transaction as a sold and could be waiting to get the details of the transaction from the builder. The county tax office can take months to update records in their system once they receive the information on the sale from the Title office.
About 4 years ago
Hi Ben, yes you are correct. The listing agent is required to report the closing within 3 days of the actual closing/funding. As far as the ownership records being updated by Brazoria County Appraisal District, it could take months.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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