previous agreement fell through<\/a>, putting the property back in the marketplace.<\/p>\n\n\n\nHow does the BOM status affect potential buyers of a property?<\/h3>\n\n\n\n
BOM status can signify opportunities for potential buyers to make an offer on a property they may have thought was off the market, albeit possibly under changed conditions or disclosures.<\/p>\n\n\n\n
What should buyers and sellers expect when a property returns to the market?<\/h3>\n\n\n\n
When a property returns to the market, sellers may need to address the reasons it became BOM, while buyers should perform due diligence to uncover any issues that led to the fall through of the previous deal.<\/p>\n","protected":false},"excerpt":{"rendered":"
The acronym BOM in the context of real estate stands for “Back On Market,” signifying a property’s return to the listings after having been temporarily pulled off due to an offer or an agreement that eventually did not culminate in a sale. This term is commonplace in real estate transactions and serves as an indicator … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2869"}],"collection":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/comments?post=2869"}],"version-history":[{"count":3,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2869\/revisions"}],"predecessor-version":[{"id":2969,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/posts\/2869\/revisions\/2969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/media\/2906"}],"wp:attachment":[{"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/media?parent=2869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/categories?post=2869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.latterly.org\/wp-json\/wp\/v2\/tags?post=2869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}