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What does pending mean on your listings?

  • August 30 2012 - Portland
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Answers (2)

as "wetdawg" says not every Pending closes. In fact, I once bought one for myself that was pending when we first saw it. However, the vast majority do close. If you're interested in a home that's pending, have your Realtor call the Listing Realtor and ask about the strength of the buyer and their offer, and whether the seller is interested in a back-up offer. If the buyer is not strong financially or the offer is one the seller didn't really want to accept (but it may have been the only one), you may find genuine smiles for a back-up offer, particularly if it is stronger than the current one.
  • August 30 2012
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"pending"  - an offer has been received and accepted, but the parties are still working through the steps to closing (getting financing, inspections etc).      Not all "pending" actually close, so if you are interested in a property it doesn't hurt to speak up.
  • August 30 2012
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