Sep
12
2023
Identifying Cash Offers - New Y/N Question at Time of Sale
The MLS Committee and Board of Directors recently voted to begin collecting whether or not there is a financing contingency at the time the offer is accepted. Currently, when moving a listing to Sold status, you are required to enter the type of financing at closing. Beginning September 5, you will be prompted with this new question when moving a property to Sold Status: Cash offer at acceptance? This new question will be required. Hopefully this new data point will be helpful when analyzing sold data.