Paragon (our MLS software) is adding a new field to all future listings to denote “special conditions” of the sale. This field, appropriately called Special Conditions of Sale, will consist of a dropdown selection box containing the following options:
- None
- Subject to bank approval
- Relocation
- Subject to court approval
- Bank Owned
- Short Sale
- Other
I’m not sure what the difference is between "Short Sale" and "Subject to bank approval"; as I interpret these to be interchangeable. Otherwise this is much needed addition to the MLS input form. Plus, it will allow me to post some nifty stats going forward. This new field goes into effect tomorrow. However, don’t get too excited just yet. The field will not be retroactive, so it’ll take a while before we accumulate enough data to produce meaningful reports.
Reno Ignoramus
Guy, will this info be available to us out here in the peanut gallery, or will it only be available to the dues paying six-percenters?
Guy Johnson
R.I., I’m not sure. I guess we’ll have to wait and see if the IDX feed (see “Search MLS” on our menu bar above) picks it up or not. My guess is that it will not. Therefore, this info will be searchable only by the “dues paying six-percenters”.
Reno Realty Blog: Reno Real Estate, Market & Trends, Nevada » Our Short-Sale Savvy MLS
[…] Conditions of Sale” search criteria that our MLS added recently. I posted about this new field when it was added in February, and at the time I indicated it would take a […]