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Old 07-19-2016, 01:16 PM   #39
Travis Munroe
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Join Date: Feb 2009
Location: Calgary
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Quote:
Originally Posted by snowshoe View Post
Thanks for posting the updates! What does it mean when a listing shows as expired? And if it's a townhouse or condo that you're looking at, how does the need for pet approval prior to sale/purchase fit in?

expired means that the length of the listing contract has ended.(determined prior to listing between the realtor and client but often 3-6 months). You may see expired listings come back on the market in a short period of time or never again. In the case of a foreclosure they will almost always come back as the bank needs to sell. A homeowner may change their mind and wait it out when they realize the price they want is not realistic.

Pet approval is typically a condition I will put into the contract similar to financing or condo document review. We make sure the condo board has put in writing that your pet(s) are approved should you buy this place and go from there. Should the pet be denied you can walk from the deal with no fall out.
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