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Nov 6, 2024 · A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn’t closed yet. (This is different from a contingent sale.) A property is placed in pending ...
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Jun 19, 2017 · If you and your agent decide to put together a backup offer, here are a few touches that can help turn the tables in your favor: Money talks. Present a clean offer, complete with mortgage pre ...
Oct 28, 2021 · The definition of "sale pending" can vary depending on the market; however, in a general sense, it means that an offer has been made, the seller has accepted, and the home is under contract. Most homes that are "sale pending" do go on to close; however, there are reasons why the sale can fall apart during this stage of the process.
Aug 4, 2022 · Devon Thorsby May 5, 2023. When a deal is considered pending may vary depending on where you live. In some cases, pending could include the due diligence period, where the property undergoes an inspection and public record check to make sure there are no legal issues. In other markets, the pending phase could start after the due diligence phase.
- Devon Thorsby
- Editor, Real Estate
Feb 7, 2017 · A deal that’s truly pending is one in which the buyers have removed all contingencies. The buyer is “locked in” to buying the home. The final step is to move toward closing, which can take anywhere from a few days to a few weeks. Most agents won’t label a home “pending” until this time, when the sale is close to a done deal.
Jul 31, 2022 · During this time, the property will remain pending.”. 2. Financing issues. “Pending offers can go longer than 30 to 60 days if the buyer and seller agree to a longer term due to financing ...
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May 2, 2019 · For you to get a better grasp of what “sale pending” means, you must first know the difference between “subject to” and “contingent upon.”. First, a home buyer normally makes an offer that is subject to a property inspection. Sometimes, it can be a full loan approval or a bank appraisal. On the other hand, some home buyers make it ...
