When does a house go into pending status?

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Filiberto Grady asked a question: When does a house go into pending status?
Asked By: Filiberto Grady
Date created: Wed, Aug 11, 2021 12:03 PM
Date updated: Mon, Jun 20, 2022 4:15 PM

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Top best answers to the question «When does a house go into pending status»

  • A property is placed in pending status the minute a contract is executed. But there’s still a chance the home can be up for grabs again—say, if the home inspection doesn’t check out or the buyer can’t pull together the financing.

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The terms of a pending offer can vary quite a bit. But a pending offer almost always means there’s an “accepted and binding contract” between buyer and seller, according to real estate agent Carrie...

Usually agents will put it as Pending status when the buyer is through their financing contingency period (if they have one). This is a seller decision. I always ask my seller if they want to remain Pending Continue to Show up until the property closes so the property can potentially still be shown.

(This is different from a contingent sale.) A property is placed in pending status the minute a contract is executed. But there’s still a chance the home can be up for grabs again—say, if the home...

What does it mean when a house is pending or contingent? When your real estate listing goes from “active” to “pending,” it means you’ve accepted an offer, but the sale hasn’t closed yet. (You’ll also hear real estate agents use the phrase “under contract” for this post-offer, pre-close time period, too).

A pending status means there has been an offer accepted on the home and the buyer is in the process of working with a lender to finance the property. An option pending status means the buyer is in the process of having the home inspected and can still change their mind on purchasing the home. I would love the opportunity to help you find a home.

A broker must report a pending sale as closed to the MLS when the ownership transfers to the buyer. A "closed deal" must be reported within 72 hours of a transfer of title, excluding weekends and...

A listing that is active, moves to pending, and comes back on the market losses marketability. People see that and automatically think, there just be something wrong with it. Summary: not a big deal on your end. They should change it soon so the agent doesn't keep getting request to show the property.

Sale pending generally indicates that all contingencies have been removed, and the buyer is moving toward closing. Remember the big red “Pending” sticker you used to see across “For Sale” yard signs? Before the Internet and online listings, that sign was the consumer’s only indication that a home had a deal.

When a property is marked as pending, an offer has been accepted by the seller and all contingencies have been satisfactorily addressed or waived. Pending deals are no longer considered active listings. A home will remain in the pending state until all legal work has been processed. Common contingencies in real estate

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