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Emily Griffin

Premier Agent

Realtor (5 years experience)

3 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Consulting,
GREEN

Advice

  • (2 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

What does pending sale mean?

Answer

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!

  (2)
Should the square footage include fully finished basements areas?

Answer

As mentioned earlier, you will need to check with any local REALTOR for your region's MLS rules. In the Seattle area, if a basement is heated and fully finished, it is included in the total square footage (one of the reasons basement remodels are so popular right now!)

  (0)