Bank Owned/REO property not taking additional offers

When a REO/Bank Owned property has a verbally accepted offer awaiting signatures (that usually take a while to obtain) and the owner will not entertain any additional offers, you can mark it as SHOW or WITHDRAWN to make other agents aware that they should not include the listing in showings to potential buyers. 

This is done as a courtesy until which time the listing can be officially marked in Matrix as SHOW or DEPOSIT as signatures have been obtained by all necessary parties.

Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Please sign in to leave a comment.

Our support hours:
Mon-Thursday - 8:30 am - 7:00 pm Fridays - 8:30 am - 6:00 pm Saturday/Sunday - 9:00 am - 3:00 pm
About SmartMLS
Working with you to make homeownership happen.
Tell Us How We're Doing
Take a minute, let us know or send us a suggestion