Can a seller accept a backup offer even after the first offer goes firm?

Jul 22, 2024 ... In real estate, a "pending" status indicates that a property is under contract, with an accepted offer but not yet closed. During this phase, ... Feb 24, 2021 ... “Pending” means that the sale is one step closer to conclude. In this case, the buyer accepted an offer with conditions, and they were met, so both parties ... A pending status in real estate means that all contingencies have been resolved, and the sale is moving toward closing. At this point, the property is typically ... Jan 13, 2025 ... As we learned in our previous comparison, the Pending status of a property agreement means that the building is no longer listed in the market ... Mar 31, 2016 ... The fundamental meaning of Pending is the period where the funds being used to purchase the property are in process of being released to the seller. Mar 27, 2025 ... Call reluctance is a career-killer for real estate agents. That stomach-churning fear of rejection or fumbling a call is normal—but it's not ... When a listing says “sale pending,” that means that a buyer has offered to purchase the home, the seller and the buyer have agreed to terms on that purchase. May 1, 2023 ... Does that mean the house is out of your reach? MLS status and code. Home listings have a wide range of terms to define what step in the selling ... May 17, 2024 ... What Does Pending Mean in Real Estate? Pending means that a sale is currently being processed. The sale either never had contingencies or had ... Oct 13, 2022 ... When a property is pending, it is firmly under contract, and there are no longer any contingencies left on the sale. Once a home is listed as ...