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Can I make an offer on a pending house?

Hi. There is a house I'm interested in that is listed as pending. Can i still contact the selling agent and try to get an offer in?

Asked By Juan P | San Marcos, CA | 1463 views | Buying | 2 years ago

Answer(14)

Novice

6 Answers

John Farr

Reliant Realty ERA Powered

(16)

If they are taking backup offers, then yes.

Semi-Pro

47 Answers

Glenda X Bozett

Michael Alexander Properties

(4)

Because the listing is pending, I suggest you have your Realtor contact the listing agent to see if they would accept a backup offer. Offers can still fall through prior to close.

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Rising Star

13 Answers

Joe Battersby

EXIT Assurance Realty

(5)

100%, a good amount of deals fall through. You want to get your offer in as a backup ASAP!

Rising Star

11 Answers

Here in MN "pending" means that the home is towards the last stage in the cycle of being sold, the buyer is either finishing up their financing, getting their cash, etc. And the title companies are setting up the closing date. I would suggest having your realtor reach out and chat with the listing agent to see when the closing is scheduled and if they would entertain a backup offer at this point.

Novice

6 Answers

Edward Davis

Fathom Realty, LLC

In most instances you can make an offer; some may take Backup offers just in case the primary offer fall through. Have your Realtor reach out to the Listing Agent to see what their take is on Back-up Offers.

Novice

5 Answers

Andre Patatanyan

truline realty

(52)

I would advice you to work with a buyers agent if possible to get an offer in. It is important as a buyer to have your own representation and not fall into working with the sellers agent which is as you said working with the seller. Also, the agent will be able to better assist you because he will be able to get more information about what stage the current buyer is and understand if there is a chance if you submit.

Novice

4 Answers

Steve Meyers

eXp Realty of California, Inc.

(35)

Yes, you can make a backup offer on the home should the buyer who has it currently under contract decides to back out

Novice

3 Answers

Cary King

Realty One Group

(7)

Because the listing is pending, I suggest you have your Realtor contact the listing agent to see if they would accept a backup offer. Offers can still fall through prior to close. Good luck!

Novice

2 Answers

Jacob Worley

Worley Real Estate Inc

(52)

Definitely, in this market there are many reasons why a transaction may not close. Submitting a back up offer will put you in a good position if the transaction falls out of escrow.

Novice

2 Answers

Rochelle Chacon

Coldwell Banker Realty

(107)

Hello Juan,

If the home is in pending status, that typically means that the buyer has removed contingencies to purchase the property. If you see a home in back up status, you may be able to write an offer and if the current buyer does not move forward with the purchase, you could have an opportunity to purchase the home. Buyers in CA have 17 days for inspections, 21 days to remove contingencies for any loans.

Novice

1 Answer