How do you define "offered for sale"?

[hal380]

Since you have the UW stip in writing, ask yourself "Is this the hill I want to die on?"

Regards

Hal

 

[Chris Colston]

Per the original posting:

"According to the NIMLS, the subject has not been listed for sale in the past twelve months. The subject is being sold 'by owner.'"

I do believe the inclusion of the comment regarding the local MLS is the problem. NO, the house was not offered for sale in the "usual manner". It was not even a "typical" FSBO. However, there is an OFFER to buy and that offer has been accepted hence the purchase agreement, the mortgage application and the resulting appraisal assignment. So, YES, the subject is currently being offered for sale, by the owner of public record and is encumbered by an executed purchase agreement.

By logic of the quoted statement, properties offered by a builder in a new subdivision, not listed in MLS, would also not be considered as OFFERS to sell. Ahhhhh....I don't think so.

 

[Paul Isolda]

The builder is trying to sell those properties even if one specific property is not listed on the MLS. He is clearly offering them for sale. Not a good analogy.

 

[BRCJR]

offer = to present for acceptance or rejection

offered = presented for acceptance or rejection

 

[SunbeltAppraisals]

it was offered.