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Does "pending" mean the house is under contract?

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September 06 2012 - Lubbock
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Yes, Pending does mean under contract.  Most of the time the house will sell, but sometimes it will not, and the house will go back on the market.
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September 07 2012
Yes, pending means it is tenantively sold. They may accept back up offers, however.
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September 07 2012
Yes, "sale pending" is the same as under contract. Usually they are waiting for final approval of buyer's loan or possibly appraisal or inspection rerport. The contract may result in a sale or fall out due to financing, low appraisal, problems found during inspection that homeowner won't repair or some other reason. The seller may take a "back up" contract but can't act on it unless the first contact falls through.
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September 07 2012
Pending means most contingencies have been removed (except for perhaps finance contingency) and buyer and seller are anticipating closing. Some homes will fall out of pending status and it's often due to either a low appraisal or the buyers inability to obtain financing prior to closing. But once a property has gone pending, it rarely reappears as 'for sale'.
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September 06 2012
 
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