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What does pending sale mean?

  • October 06 2012 - South Hill
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Answers (7)

Profile picture for Susan Giacchi
It means there is an offer and it's either in attorney review or under contract.  There are different MLS systems for example: Middlesex & Monmouth to name a few.  Each MLS requires different status updates and it could be confusing depending on which system the listing is in.  Please let me know if you have any additional questions that I can assist you with. 
  • July 05 2013
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Profile picture for noaRango
....it means "almost there". Both parties have an agreement and are working on a finalization of details.
  • July 05 2013
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Basically, buyer and seller have entered into an accepted contract... and are awaiting to fulfill all conditions... Then they enter into escrow...
  • March 27 2013
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Profile picture for ShaylaTwit
Simply put, the buyer and seller have a fully-signed {executed} contract.  The listing agent places under "Pending" status in the MLS so there are no more showings.  An Active-With-Contract or Backup status would differ in the fact that the Seller would most likely still show and would accept a backup contract [i.e. In the event contract #1 falls through, the backup would take effect.]

Hope that helps.  Good luck.  Shayla Twit, Sarasota FL Realtor
  • October 14 2012
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As mentioned previously, in WA, a home that is "pending" means that the seller and a buyer have come to an agreement and the sale is proceeding through escrow to closing.
 
If a home were still going through an inspection contingency you would see "pending inspection" so if a sale is just "pending," they are finished with any inspections. They may or may not still be going through a finance contingency.

A pending sale can occasionally fall apart, but the sellers can't actively cancel the contract. If you are interested in making an offer on a property that is pending, you would need to settle for being in a back-up position. I hope that helps!
  • October 14 2012
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Thanks for posting your question on Zillow.com!

We have "contingent" here in PA.  This means that an offer has been accepted and off the market pending one or a combo of things such as a mortgage, inspection, home sale, appraisal, etc...

Hope we helped.
  • October 06 2012
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Profile picture for SoCal Engr
Typically that an offer has been made/accepted, and the transaction is now in escrow. Some deals will fall out of escrow for varying reasons, but usually once a house "goes pending", it should close.
  • October 06 2012
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