Temporary Change Regarding On-Market Listings
In light of the pandemic and the state of emergency declared by Governor Baker, all MLS PIN customers should strongly consider holding off any in-person open houses and showings for the time being. To accommodate this extraordinary situation, we are temporarily allowing a listing to remain “on-market” in MLS PIN, provided that the property is on the market and available for sale, even if it is not available for on-site showings. With this temporary allowance, there are a few things you should bear in mind:
- An under-agreement property may be in the Contingent status if the seller is seeking back-up offers.
- There must still be a current, signed, exclusive listing agreement in place between you and the seller.
- If you leave the listing on-market in MLS PIN, Days On Market will continue to accrue normally. If your seller has concerns about DOM accrual, the alternative would be to update the listing to Temporarily Withdrawn. The WDN status would freeze the DOM counter in place until you put the listing Back On Market, at which point DOM would pick up where it left off.
- A listing in any “on-market” or “temporarily-withdrawn” status will still expire on the stated expiration date unless you extend it with the seller’s signed permission.
- You may still, if you choose, post the URL for a virtual showing to the Special Showing Instructions field of your listing. But virtual showings, though they are temporarily allowed in lieu of physical showings, are no longer a requirement for the listing to remain on-market in the system.
The temporary allowance above will remain in place during the state of emergency.
We will keep you posted with any new updates as they happen. In the meantime, please be safe and be well.
Your MLS PIN Team