On December 15, a new sub-status of Active called CCBS (Contract Contingent on Buyer Sale) will be available in Flexmls. CCBS is for listings whose Sellers wish to obtain backup offers and make explicit that the contract they have accepted is contingent on the buyer selling their current property.
This sub-status is optional. Listings that have a buyer sale contingency are not required to be placed in CCBS. Similar to UCB, the seller must be accepting backup offers to utilize this status. Listings in CCBS will accrue days on market as a sub-status of Active.
How to Add the CCBS Sub-Status to a Listing
On the Change Listing page, click Add/Remove UCB or CCBS.
Complete the required fields including choosing CCBS for the UCB or CCBS field.
Click Save to apply the change.
When changing a status to CCBS, is this only if the buyers property is not yet under contract or is this CCBS status used if a buyer just got her home in contract but has to sell that property to buy the new one?