What Does Pending Mean in Real Estate?Active Listings. Active listings are what buyers hope to see. …Active Contingent Listings. Active contingent listings are a bit more complicated than active listings. …Pending Listings. Once any contingencies or requirements in a contract have been met,the listing status will change to pending.Closed Listings. …
People also ask
What does pending mean when buying a house?
Pending means that a buyer has made an offer on a house and signed a home-purchase contract, and that the buyer and seller have resolved their contingencies. Occasionally, pending means the seller has merely accepted an offer. But, in practice, the stricter definition reigns.
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.
Does 榩ending?mean 榮old?
溾€楶ending?does not mean 榮old,欌€?says Joy Triglia, broker and CEO of Century 21 Universal Luxury in Fort Lauderdale, FL. Until the contract is complete and the sale is a done deal, there still an opportunity to land that magical, marvelous dream home.
When does a contingent sale become a pending sale?
A contingent sale will become a pending sale once the contingencies have been fulfilled. In some places, the status is referred to as active contingent. If the terms of the contingency are not met, the sale can be canceled, and the buyer will have their earnest money deposit returned to them.