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what does sale pending mean

i noticed this on some houses that were a lease option
  • June 09 2014 - US
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Answers (3)

Pending the actual signing of the pns contract not closing. Pending signs are a nicer way to put some sticks of tnt under the chairs of those who were snoozing or were on the fence still, vs. actually buying the dream home stuff. You can always put in an offer, stand in line, and if the Pending doesn't Pend, you are next in line.
  • June 10 2014
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Sale pending means that all contingencies that the buyer has have been satisfied. For example, the buyer has to have an appraisal, get qualified for a loan, get an inspection etc. It is still possible to put an offer in on a sale pending because there are many pending sales that fall through due to emergencies and lack of funding and not being able to come up with the down payment. If there is a home that you like that is pending it doesn't hurt to put in an offer and see what happens.
  • June 09 2014
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'Pending' means an offer has been accepted and the sale is in escrow. At this point, the home is no longer available.
  • June 09 2014
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