What are the benefits of submitting a backup offer on a pending property?

Feb 25, 2022 ... A listing will be changed to “pending” when the homeowner has accepted an offer from a buyer. This means they may have negotiated on a price and ... Aug 27, 2024 ... When you see a property listed as "pending," it means that a buyer has made an offer on the house, and the seller has accepted it. However, the ... Mar 2, 2023 ... Showing another buyer got there ahead of you to sign a contract with the seller. Usually, the pending status means the contract terms have been ... If a home is listed as pending, it means that a deal has been made and moved to escrow until closing. A property can only go into pending status after all ... Apr 12, 2022 ... A pending sale in real estate simply means that the seller has received and accepted an offer on their home. However, the deal is not yet finalized. Sep 30, 2022 ... When a property is marked as “pending,” it means that an offer has been accepted and any contingencies have been met. Homes in pending status ... Oct 6, 2023 ... If this appears, it means that there is a fault or user error, so a listing has remained in “pending” status for more than 4 months. This ... 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 ... 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 ... In real estate, “pending” refers to a property that is under contract to be sold. This means that the seller has accepted an offer from a buyer, ...