What Does Pending Mean in Real Estate? If you’re looking at a home listing that has a pending status, then what you’re seeing is a home that has anaccepted 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.
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What does it mean when a house sale is pending?
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 pending contingent mean in real estate?
If all goes well, contingent deals will advance to a pending state. What does pending mean in real estate? When a property is marked as pending, an offer has been accepted by the seller and all contingencies have been satisfactorily addressed or waived. Pending deals are no longer considered active listings.
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.