Deciphering “TNAS” in the Twin Cities Housing Market Now

“But, the Seller’s Disclosure Doesn’t SAY Anything About a Wet Basement!” (not yet, anyways)

As Realtors if not the general public know, the MLS status “TNAS” — short for “Temporarily Not Available For Showing” — has a catch-all status.

So, TNAS can cover everything from the Seller having out-of-town guests, to someone in the household being sick, to entertaining (more common over the holidays).  See, “Is That, “TNAS-There’s-a-Deal?” Or, “TNAS-the-Plumbing-Sprang-a-Leak?“; and “TNAS” Scenarios.”

However, in the wake of record area snowfall last month, and now rapidly rising local temps (plus last week’s drenching rain), it’s a good bet that the majority of “TNAS” homes on MLS today are dealing with exactly one thing: a wet basement.

As of this morning, about 1,300(!) Twin Cities homes** were listed as “TNAS” . . .

**Note: the Twin Cities’ MLS also includes properties in non-metro locations such as Aitkin, Hastings, Le Sueur, etc.

P.S.: Once homeowners have addressed the problem, step #2 is to update their Minnesota Seller’s Disclosure.

See also, Springing a Leak — or a Lake(?!?) — Before Closing.”



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