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Answers (18)
Best Answer
- David Harbour, "David Harbour"
- Contributions:8
Click on my video response diamond347 - www.novagreenrelaestate.com
- Gary May, "RealtorTampaBay"
- Contributions:56
See Kelly McCormick answer.
- Kelly McCormick, "Kelly McCormick"
- Contributions:7
Pending means that there has been an accepted offer made on the property, and the offer is pending inspections, appraisal and loan approval, the final status is SOLD. Generally Pending would indicate to the public that there are no showings accepted.
- JoEllen Ufner - ABR,GRI,SFR, "jufner"
- Contributions:397
Pending means there is an offer submitted....normally it means pending sellers signature...personally I only use pending when we have verbal agreement and are wiating for final signatures...
- diamond347
- Contributions:7
Thank you so very much!
- Elyse Berman, "Elyse Berman"
- Contributions:10
Hi Diamond347,
When a house is pending sale, it means it is just waiting to close. They have a dfirm contract on the house. All of the contingencies of the contract - appraisal, mortgage, inspection - have already been met.
Best of luck to you!
Elyse Berman, PA, ABR, GRI, ePRO
Realty Associates Florida Properties
9174 Glades Road
Boca Raton, FL 33434
561-716-7824
Email to: Elyse@ElyseBerman.com
http://www.SouthFloridaRamblings.com
http://www.ElyseBerman.com
When a house is pending sale, it means it is just waiting to close. They have a dfirm contract on the house. All of the contingencies of the contract - appraisal, mortgage, inspection - have already been met.
Best of luck to you!
Elyse Berman, PA, ABR, GRI, ePRO
Realty Associates Florida Properties
9174 Glades Road
Boca Raton, FL 33434
561-716-7824
Email to: Elyse@ElyseBerman.com
http://www.SouthFloridaRamblings.com
http://www.ElyseBerman.com
- Shannon Rose
- Contributions:66
When a home is a pending, this means the seller has accepted an offer and is in contract. There are contingency's periods within a contract, that allow the buyer and seller to cancel contract during those periods. This means that a property that is pending but contingencies have not been removed there is a chance the contract could fall through, and the property would go back on the market.
- Keeley Toro, "Keeley Toro"
- Contributions:4
This means that the seller has already accepted an offer from a buyer but it has not yet closed. If the contract is contingent on certain items and those things do not pan out (i.e. the home inspection, the buyer's financing, etc.) the house will usually be placed back on the market.
- JB Fung, "JB Fung"
- Contributions:14
Pending means that an offer is accepted and will changes to sold when the transaction closes and title changes. From time to time the seller will still accept a backup offer, in case the original buyer cancels prior to removal of the buyer's contingencies.
Good luck,
- Kathleen Storin Coutu, "Kathleen Coutu"
- Contributions:4
Pending means buyer and seller have come to agreement, signed a sales agreement and are waiting. for contingincies to be met.
- Suzanne Roberts, "Suzanne Roberts"
- Contributions:27
Usually, it means the house is under contract with a buyer. They are awaiting inspections, financing approval, appraisal, etc... Nothing is finalized at this point.
- Pasadenan
- Contributions:21466
I'm glad Zillow added the "pending" status for listings on this site! 6 months ago that was not an option, and was causing lots of confusion for potential buyers believing that no offer had been made yet.
I only wish that the agents would be more diligent on changing the status on Zillow. Sure, they change it on the Multiple listings as they are required to, or they lose their membership status. But for other information and advertisement locations? It seems it just doesn't occur.
Of the 409 listings on this website for my city, only 7 are indicated with "pending" status presently.
I only wish that the agents would be more diligent on changing the status on Zillow. Sure, they change it on the Multiple listings as they are required to, or they lose their membership status. But for other information and advertisement locations? It seems it just doesn't occur.
Of the 409 listings on this website for my city, only 7 are indicated with "pending" status presently.
- diamond347
- Contributions:7
Thanks, Pat!
- Caroline Choi, "Caroline Choi"
- Contributions:98
Yes, you have great answers here. Something to keep in mind is that some sellers will still accept back up offers during this time, so if you're very interested in a house, you may want to try that option. Also, a "pending" property can easily fall out of escrow if a buyer cannot obtain financing or there are other issues in escrow.
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
You didn't mention an address in Parma, so I will give you a general answer. When a property is pending, there is a contract on the house. That means that the Seller is not taking any other offers & there are no further showings. Back in the day, pending homes rarely come back on the market; they resulted in a sale. In our current times, at times the homes come back on the market. We now have short sales that can be in a pending stage waiting for a Lender to approve the terms of the Purchase Agreement for months. Some Buyers get tired of waiting for the Lender to give its approval, so the Buyers back out of the deal (as written in their Purchase Agreement). This is one example of a pending sale comes back to a for sale status.
- Carlos Barron, "carlosbarron"
- Contributions:3
Hi Diamond347. Pending starts when an offer is accepted and changes to sold when the transaction closes and title changes. From time to time a listing will be marked as Pending - Accepting Backups, which is self explanitory. Some syndication websites (such as Zillow) don't post the accepting backup status so it is important to check with a Realtor who can look it up in the MLS.
- diamond347
- Contributions:7
Thanks, Wetdawgs..
- wetdawgs
- Contributions:26853
From the time someone makes an offer that is accepted on paper until the time the money changes hands, the offer is called "pending". usually during this time there are inspections, the buyers have to get financing and many other activities Sometimes they don't come to closing.
What is pending? does this mean that the house is sold?
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