The sellers have accepted an offer! What status does the listing go to now?

The listing will move to Pending, also referred to as Under Contract. When a listing is in a Pending status, this indicates an offer has been accepted through a mutually executed contract, and the property is no longer on the market. It is a common misconception that this status is dependent on when the earnest money is received, however, that is not the case and the listing status should be updated to Pending within three business days of both parties signing the agreement.

If the seller is accepting back-up offers, showings can continue. Marketing can also continue while the listing is Pending, and Days in MLS pause during this period. If the contract should fall through for any reason and a new contract is signed, the listing should be updated back to an Active status and then changed accordingly to Pending with the new under-contract date.