What does pending mean on an MLS?
Pending. The seller has accepted an offer, all contingencies have been met, and a closing date has been set. Canceled. The seller and listing agent have mutually voided the listing agreement. Closed.
What does Pending sales mean in real estate?
A pending status indicates that the seller and their agent are confident the sale has passed its major hurdles and is on its way to closing.
Does pending always mean sold?
“Pending” doesn’t mean the same thing as “sold,” so there’s still a chance that you can swoop in and take the home. You can usually still submit a backup offer on a home that’s pending, but you may not be able to view the property.
What does it mean if listing is pending?
Answer box: When a home sale is pending, it means that the sellers have accepted an offer from a buyer. The home sale will close once the buyers and sellers sign the paperwork that makes the sale official. Once a home is listed as pending, the odds are low that other buyers will get the chance to purchase it.
Is pending the same as under contract?
What does it mean when a home is pending? For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. Once a property is listed as pending, the home is much closer to actually being sold than when it’s under contract.
Why would a house be pending for months?
Reasons Why Homes Listed as Pending Fall Through Financing Falls Through: Whether there’s a financing contingency in place protecting the buyer, not being able to come up with the full purchase amount agreed upon will void any offer.
What is the difference between a pending sale and under contract?
For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. Once a property is listed as pending, the home is much closer to actually being sold than when it’s under contract.
What’s the difference between under contract and pending?
What does pending sale mean on Zillow?
When your real estate listing goes from “active” to “pending,” it means you’ve accepted an offer, but the sale hasn’t closed yet. (You’ll also hear real estate agents use the phrase “under contract” for this post-offer, pre-close time period, too).
Can you make an offer on a pending House?
While you may not be able to submit a formal offer while the deal is pending, you can ask your agent to get in touch with the listing agent to inquire about the deal and potentially get a heads-up if the property goes back on the market so you can make an offer before other buyers.
Can you make an offer on a pending house?
What does ‘pending’ mean on a house?
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. A home will remain in the pending state until all legal work has been processed.
What does “pending” mean in real estate?
Contract Acceptance date. When all signatures are completed on contract.
What does pending on a house sale mean?
What Does It Mean When A House Is Pending? A pending sale means that a seller has accepted a successful bid from a buyer. This usually means the contingencies have been worked out, and the buyer is locked in on the sale. The contract has been signed, and all that is left is for the home to move to the final stages of escrow.
What does pending offer on a house mean?
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