How does the pending status affect the seller's ability to enter into other real estate transactions?

Apr 20, 2022 ... Unlike contingent definition in real estate, pending meaning real estate simply implies that the particular transaction has no contingencies ... 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, ... Oct 15, 2021 ... But a pending offer almost always means there's an “accepted and binding contract” between buyer and seller, according to real estate agent ... Sep 22, 2022 ... Pending means that both the buyer and the seller have signed a legally binding contract and are ready to advance. There are still questions ... Mar 18, 2025 ... In simple terms, 'pending' means all those 'ifs,' the contingencies, have been met, and the sale is moving full steam ahead toward closing. The ... Jul 1, 2024 ... Contingencies must be met before the contract can be legally binding. · Pending status is the last stage before closing. · A good real estate ... When a home is listed as “pending,” it means that there is a closing date set and that all contingencies have been met or waived. At this time, the lender and ... 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 ... Nov 14, 2023 ... Pending: A property is listed as pending when the seller has accepted an offer, and all contingencies have been met or waived, but the sale has ... 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 ...