Thread: Real estate terms

Originally Posted by Nettie

Totally new to the real estate field and have a couple questions:

-what does "status: active" mean? And compared to "status: not listed"

The status active means that a property is listed for sale and is being actively marketed(owner is trying to sell it you can buy it right now). Not listed means that it is not being marketed currently(by an agent that is).

Originally Posted by Nettie

-also when a home is being rented out and occupied by another party, can the homeowner still put the house on the market? Is this a typical process?

If the home is being leased it can be sold by the owner, however, the new owner must honor any lease agreement that was made prior to the sale between the original owner and the renter. It is usually not typical in the case of single family homes. This is because it is very hard to sell a home that is occupied because most interested buyers for single family homes want to see the property now prior to putting a offer in. When a renter is in the property they must be given at leaset 24 hour notice before a showing can be coordinated. Now if it is multifamily it is very typical for the property to be sold while renters are in the units. This is because buyers interested in multifamily properties are investors and investors more often than not prefer to have the properties fully leased. And are willing to make offers based on income versus expenses.

Dont feel uneasy about your lack of knowledge in real estate. You can only learn about it if you seek out the information. We are here to answer any questions you have without judgement. Good luck in your real estate endeavors and feel free to ask any questions you have.

i think James summed it up pretty nicely. i might note that all the MLS associations i've worked with wouldn't show a property as "not listed" though, they would show it as expired, cancelled, or withdrawn. "not listed" is something i might say when talking to other agents about a property that has no agent associated with it, like James said.

Great points from them, I think I don't have something to say anymore. Hehe. Anyway I just hope you find the Real Estate world pretty much interesting and fun. cheers.

If I were an employee, I would certainly be thinking about retirement. Worrying about retirement and social security has become an increasing concern for many. The stock market, 401 K, insurance, and good old fashion savings are all means people take to secure their financial freedom when it comes to the 65 plus years. An ideal investment strategy is one that comes with low risks and high returns. Good old fashion savings will not give you high returns, and stock market games are not often associated with low risks. Investing in land is one that that comes with both low risks and high returns if you play your cards right and you do not need to be independently wealthy to get into this industry. Investing in land is one of the smartest things anyone can do to increase their net worth and financial freedom. Investors with small or large capitals are smart to invest in land for a variety of reasons. Land property is an investment that offers consistent returns that are safer than other investments, and always appreciate in value.Knowing how and when to act with land investments can be done with the aid of a realtor in the area you are interested in. Avoid fresher

I might add that yes, a homeowner can list the property for sale with a tenant in place, however, it is usually harder to show. As a showing agent, we don't always have the ease of reaching or co-operation of a tenant.
~Hollie
AgentWhiz.com

me also new and looking for great answers

Active means it is actively for sale. Not listed means for whatever reason it is not for sale right now.

Yes, many listings can be sold with tenants in place.