It can be hard as a For Sale By Owner to know whether there is any activity happening for anyone trying to sell their home. Real Estate agents can tell by looking at homes within the Multiple Listing Service that have the status ‘Pending’. That means the seller has accepted an offer and escrow is in process (period when inspections, appraisal, title and loan finalization happens). It is so accurate that if the seller is doing a short sale the property does not become ‘Pending’ until the lender has approved the sale in writing.

Right now, in the Portland Metropolitan area there are just under 3,000 residential homes in ‘Pending’ status. That says there is activity. However, how can you know if there are Pending Sales in your area, or for homes like yours?

There is a source, and it is free. I provide it, with no obligation as long as your home is not listed (unless with me, of course). I will update you every week, and not just with Pending Sales, but I’ll save that for a different post. Just contact me at Chip@OregonFSBOCoach.com and I will set you right up!