October 25

Pending

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Categories: Home Buyers Home Sellers

What does it mean when a house is "Pending"?

What does Pending mean?

With a property that is pending, the property owner has accepted an offer from a buyer and they are under contract with that buyer.

Their agreement may be subject to a variety of contingencies: inspections, appraisal, financing, and more.

The home is not sold just yet. Typically if the sale does not go through, the house will return to “Active” status.

Tags: Listings, Real Estate Terms

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