what does pending mean in real estate
Best answer
What does pending mean in real estate?It indicates that a listing is in escrow and on the path to closing, but it doesn mean it officially sold. The seller of a pending listing has received one or more offers. They檝e accepted one, and both parties (the buyer and seller) have met any required contingencies for the sale to move forward.
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What does pending mean on a home listing?
If you’re looking at a home listing that has a pending status, then what you’re seeing is a home that has an accepted offer from a buyer. This means that the seller and buyer, through negotiations with a real estate agent, have agreed on terms that are acceptable to both parties.
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.
Is it OK to buy a house that is pending sale?
The short answer: If a home you love is pending sale, don give up hope. You could still be the golden buyer. 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 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…