appraisal: Bumpable Buyers - 02/21/08 03:06 AM
I'm not sure if this is universal or not, but as of about a year ago our mls system gave Realtors the option to enter 'bumpable buyer' (rather than active or pending).  My assumption is that this is a buyer that has an offer pending on a property, but there is a contingency stating if a better offer is received, they can be 'bumped' out of the transaction.
I am trying to determine whether to consider the status of bumpable buyer as an active or pending sale.
Any thoughts?  Are there Realtors out there that have some sort of statistic as to … (11 comments)