Can the buyer get an extension on the mortgage contingency for a pending property?

May 17, 2021 ... You might also hear terms like “under contract” (meaning the house sale's contract is in process) or “closing period” (referring to the weeks ... Aug 2, 2024 ... Pending in real estate means the seller has accepted an offer, and certain conditions and contingencies have been met. Mar 28, 2023 ... When a property is in a 'pending' status, the sale will likely be completed soon. All contingencies have been satisfied, allowing for a smooth transaction. However, the deal hasn't been closed yet, and a property with a pending status can still return to the market. Once a home is pending, sellers cannot legally ... Pending - Waiting on Deliverables: This is for the background application ... Real Estate FAQs · Real Estate Licensing by Exam & Education Information ... Dec 27, 2022 ... A pending sale may be referred to as “under contract” by some real estate agents. Regardless of terminology, the meaning is the same. A sale is ... Dec 22, 2022 ... What do these mean? In this article, we'll cover how real estate transactions work, the differences between pending and under-contract sales, ... Jan 17, 2020 ... When a property is marked as contingent, it means that the buyer has made an offer and the seller has accepted that offer, but the deal is ... What Does It Mean if A Home is Pending? Now that the seller and the buyer have agreed to each other's terms and all contingencies have been met, the home is ... Jan 24, 2025 ... Pending means the house you are looking at has an accepted offer, and contingencies have been removed. This means this house is closer to being finalized and ...