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Bumpable Listing? What does it mean in Washington?
What does the Bumpable ( BMP) Status Mean in Washington State?

I recently wrote a market report for one of our many attractive Camas, WA neighborhoods. In the sales activity, I  made note of one home in Bumpable status. One of my peers in the Rain questioned its meaning. It occurs to me that maybe you too are puzzled as to what the status means for a real estate listing. 
We have various categories to show a home's availability:
Active - Available. Show home following the listed instructions.
Pending - Currently under contract, it can't be shown without special permission from seller or list agent. 
Short Sale Pending - Short sale under contract with a seller accepted offer, but still pending approval from third party.
Bumpable - The home is available for showing and the seller will consider your offer. However, the buyer of the current accepted offer has 24-72 hours to remove their contingency (if they can).
Why would a listing agent encourage sellers to accept an uncertain offer? 
Some sellers wonder when, and why, it makes sense to use the BMP ( bump status). Certainly, there are some buyers ( and agents) who avoid those listing as they don't want to be disappointed if the current buyers are ... more

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