Cool Real Estate Pending Meaning References. When a home is listed as “pending” on a real estate website, it means that the seller has accepted an offer on a home from a buyer. 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.
What is a pending sale? A pending sale means a house has gone through every stage in the closing process, except for closure. When a home sale is pending, it means that the sellers have accepted an offer from a buyer.
The Terms Of A Pending Offer May Mean Different Things To Different People.
Other real estate listing status meanings. This could take a long time to process. A house listing where the status is 'pending' indicates that the property is no longer active.
However, Generally, A Pending Offer Oftentimes Always Means There Is An “Accepted And.
It is essential to understand the distinction between a pending sale and a sold house. Pending simply means that a property has gone under contract with a buyer, but the deal hasn't closed yet. When a home sale is pending, it means that the sellers have accepted an offer from a buyer.
You Can, However, Submit A Backup Offer For Consideration If The Pending Sale Falls Through.
What does pending mean in real estate? Contingent indicates the buyer or seller has unmet contingencies that must be fulfilled. A contingent sale will become a pending sale once the contingencies.
For A House To Be Pending, Several Things.
Sale pending (or “offer pending”) simply means that a buyer has submitted an offer and the seller has accepted it. Further, no money has been transferred to the seller, so. Therefore, it stops other potential buyers from making an offer to purchase it.
Once A Buyer And Seller.
When a property is marked as pending, an offer has been accepted by the seller and all contingencies have been satisfactorily addressed or. “pending” indicates that the seller has accepted a bid. A pending sale means that a seller has accepted a successful bid from a buyer.