What are the different stages of a pending real estate transaction?

When a property is pending, the seller has accepted an offer and the sale is in progress but not finalized. The term implies that certain contingencies have ... 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 ... 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 ... 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 ... May 3, 2024 ... A home listed as pending means there's an offer on the home – and unless something goes wrong with the sale – you may have missed your chance to buy the ... Key Takeaways · What 'under contract' means for you buying a house · Under contract vs. sale pending: What's the difference? · What to do if a house you love is ... Dec 23, 2022 ... What is pending? Meaning in real estate. Pending in real estate is when a contract has been signed by both the buyer and the seller, but the ... 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, ... 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 ... Apr 6, 2023 ... Pending means they plan to sell the house to someone, but haven't completed the closing process. Once they finish the purchase or it falls ...