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what does "for sale-pending" mean?

re: 3217 Willmatt Hill, Minnetonka, MN
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January 21 2011 - Minnetonka
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The pending status of a for-sale property indicates that there is a purchase contract on the property.  There may or may not be contigencies to the purchase agreement, and most importantly, the property is not available for showing.

This status differs from an active with offer status (contingent upon third party approval, inspection, other) in that it is no longer available for showing to prospective buyers.

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January 21 2011
Pending= Accepted offer. Check out My Minnetonka listing 12817 Jane Lane. Despite the cold we are planning an Open House tomorrow Saturday 12-2pm
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January 21 2011
Additionally, inspection contingency and other contingencies have been removed. The transaction is moving forward to closing. The MLS-based systems will provide expected date to close. Factors such as financing or other issues could impact the closing date and if the transaction is completed.
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January 21 2011
Pending means that there is an accepted offer on the property. The status will change to sold after the property is closed
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January 21 2011
 
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