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What's the meaning "for sale - pending" ?

  • December 19 2010 - US
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Answers (7)

Profile picture for the_country_hick
An offer has been made. The sale is not yet completed.

It is possible that sale will happen. It is possible the sale will not happen. Problems with financing, inspections, or even a change of mind could stop the sale.

If you make an offer it will be a back up offer. Once (IF) this offer fails to work out your offer would be considered.
  • December 19 2010
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It probably means that there is a third party aproval needed and they are waiting for it.
  • December 20 2010
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It means you have an excepted contract by both parties. It will remain pending until the deal closes at which point it goes to sold. It's not sold until it closes, so it's a pending sale.
  • December 20 2010
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it may mean that there is an ACCEPTED contract, and the closing is therefore pending....it may mean that there is an accepted contract with contingencies still outstanding...or with contingencies met..............or, it may mean the sale requires third party approval, as with a short sale..............without knowing where you are, or having more information, no one can give you a more specific answer..
  • December 20 2010
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Thank you for the "Accepted" it's all about the proof reading.
  • December 20 2010
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Hello Andrew - a pending sale is one with a ratified contract, but that has not yet closed, as others have mentioned.

If you like the house very much, you can get your agent to develop a relationship with the listing agent and check in on the status of the current contract weekly.  At the same time, you can submit a back-up offer.  I have seen a much higher rate of the back-up offer having a chance in the bank-owned and short sale properties, but less chance in the same categories if the house was in really good condition.

Good Luck,
Sonal
  • December 20 2010
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A pending sale means that a buyer and seller have agreed upon price and terms but there are still conditions that have not yet been met yet. Conditions could be anything including in the case of a short sale where seller is waiting for their bank to approve the sale or a buyer is waiting for the sale of their home to be complete.

  • December 20 2010
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