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What does pending mean?
What does pending mean? Can I still see a pending house or make an offer? TY
Asked By Yevette | Albuquerque, NM | 607 views | Buying | 1 year ago
Answer(9)
Glenda X Bozett
RELI
A pending means the home has a contract for purchase on it. Aka Under Contract
- 1 year ago
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Gloria Mitchell
Wilkinson Triad Realty
Pending is a term used to describe an action or process which has been started but is not yet complete. It indicates that something is in progress or awaiting approval or resolution.No. A property is considered pending after the owner has accepted an offer from a buyer. While the property is in this state, no further offers are accepted and the listing is no longer on the market.
- 1 year ago
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Tammi Nicholas
Epic Real Estate
It means the seller has accepted an offer on the property but the transaction has not gone through.
- 1 year ago
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Jim Rossi
RE/MAX 2000
Pending, Contingent signifies an offer has been accepted on property putting that buyer first in line to consummate the terms of the accepted offer. Multiple Listing Services very in different area, some require the property without written direction from the seller to continue to be shown but that will ultimately be determined by the seller. Some sellers may be interested in attracting back-up offers and willing to do so.
- 1 year ago
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Pauline Dent
Keller Williams Chantilly Ventures
Pending is usually the time between when a contract offer is accepted and the date you get keys to the property..it is pending settlement or closing.
- 1 year ago
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Sean Black
LUXE Properties
It simply means the home is under contract and the sale is in progress and expected to close
- 1 year ago
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Karrie-Ann Versace
Coldwell Banker
Pending means the property has accepted an offer and are currently in Attorney Review.
It is sometimes available to still see, but with knowledge they have an accepted offer.
- 1 year ago
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Jennifer Lee
Campus to Coast Realty
Hello Yvette, A pending means the home has a contract for purchase on it. Depending on wether or not the seller is accepting backup contracts determines whether or not you can tour the home. If you did tour a home that had a pending sale and fell in love with it, you could have your Realtor submit a backup contract for you. What that means....Should the buyer with the primary contract cancel their contract with the seller, your contract would move in to the first position, provided there are not multiple back up contract. I hope this answer helps. Good luck to you and your home search.
Jennifer Lee
Campus to Coast Realty
- 1 year ago
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Michele Churchill
eXp Realty LLC
Pending means that the Seller has accepted an offer, but the sale has not yet completed. In my State (Montana) we have the option of noting the sale as "pending" or "under contract accepting back-up offers". This is very often at the discretion of the Seller. If the offer is very solid and has a high probability of closure, often the Seller does not want to be bothered with more showings, and the property is not available to see any longer. If the Seller feels a bit nervous about the deal, the Seller may very well want the property to continue to be shown, and would accept another offer to be in back-up position in case the first offer should fail.
- 1 year ago
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