Investors can get buy up to 10 Investment financed Properties-This new Fannie Mae Policy  will allow qualified investors to finance more than 4 properties.  This is a huge change.  I, as a buyer agent, an investor as well, I just bought my no.5 financed property: fist closing on Jan. 27, 2011; second closing on March 04.2011 –refi. to a fixed rate 30 years con. loan . Before the second closing, I finished all the repairs and rented it out already. I would like to share with you more when you are ready to buy your no.5 to no.10 financed investment properties for rental or flip.

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Listing status definitions / codes for Residential property

in The Houston Association of Realtors

6/12/2011

 

Many times, after I send HAR / MSL CMA-Comparative Market Analysis or comps to my clients, I often get the questions about these status definitions, here I put them together for your future home selling / buying / searching...

 

The Houston Association of Realtors defines eight listing status codes for Residential property. They arelisted as follows:

A (Active):

------- Used for all currently active listings. Listings that have a signed purchase contract should NOT be classified as Active.

 

OP (Option Pending):

------ Listings that are under contract and the seller and buyer have agreed to use the “Termination Option” in paragraph 23 of the standard TREC

Contract, effective 1/1/03.

 

PS (Pending continue to Show):

-------Used for listings that is currently under contract but is still available to show.

 

P (Pending):

------- Used for listings that are under contact and are No longer available to show.

 

S (Sold):

------Used when a property has funded and closed.
------after the rental properties have leased out.

 

W (Withdrawn):

------ Used when a listing is temporarily taken off the market but a valid listing agreement still exists. (When seller likes to do some repairs; or when seller goes out of town for a vacation; or when seller has some family visitors…)

 T (Terminated):

------ Used when the listing agreement between the Owner and the listing agent are terminated prior to the listing expiration date.

 

X (Expired):

------Used when the contract between the owner and The selling agent ends, at an agreed upon date in The listing agreement.