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What does “pending” mean in real estate? A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn’t closed yet. (This is...
What does pending mean in real estate? 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.
The primary difference between a contingent versus pending status on a real estate listing is that a contingency indicates the sale is conditional upon certain factors, while pending indicates all contingencies have been met, and the sale is moving towards closing.
When a property is listed as pending, it means that an offer has been accepted, all contingencies have been either met or waived and the home listing is no longer active on the market....
How long does it take for a house to go from pending to sold? We spoke with real estate agents from coast to coast to bring you the answers.
If a property is marked pending, the provisions on a contingent property were successfully met, and the sale is being processed. Eventually, a “contingent” listing status will move to “pending,” which means the issues have been resolved, and the deal is almost done.
According to a recent HomeLight survey of more than 1,000 top real estate agents across the country, here are the most common reasons sellers are leaving the negotiation table: Low offers: 60% of agents say buyers are offering too far below the listing price.