what does pending mean in real estate

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What does pending mean in real estate? Pending simply means thata property has gone under contract with a buyer, but the deal hasn’t closed yet. Once a buyer and seller come to terms and the contract is signed, a property goes into pending status.

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  • What does sale pending mean in real estate? A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn closed yet. (This is different from a contingent sale.)

  • What does’pending’mean in real estate?

  • What does pending mean in real estate? A home’s status is changed to Pending or Pending Offer once it’s set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time.

  • What does it mean when an offer is pending?

  • Definition of Pending. A home’s status is changed to Pending or Pending Offer once it’s set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time. Sometimes the sellers may still accept backup offers on…

  • What does pending mean on the MLS?

  • The MLS is a database of homes that are on the market. 淧ending means that the seller and a buyer have reached agreement on a written contract,?says Jeff Satre, a production manager with Fairway Independent Mortgage Corporation (which owns Home.com) in Ashburn, Va.

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