How does an inspection contingency protect the buyer in a pending transaction?

Sep 30, 2023 ... When a home sale has a status of pending, it means that either the seller has accepted the buyer's offer without contingencies and they have ... 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 ... Apr 25, 2016 ... "PENDING" means that the property has an executed contract in title, which has moved past the negotiated termination option period. It also ... 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 ... Sep 25, 2023 ... What Does "Sale Pending" Mean? ... When a property is marked as "Sale Pending," it indicates that the seller has accepted an offer from a buyer, ... Once a buyer releases all of their contingencies – physical, loan, and any others – a property is pending sale. The buyer releasing these contingencies also ... 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 ... Jun 26, 2023 ... When a home sale is marked as pending, it signifies that the seller has accepted an offer from a buyer. It also means the property is no longer ... The basis of the pending status is that an offer has been accepted, and there's a binding contract between the buyer and seller. That doesn't mean that the sale ... 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 ...