What are the terms of a typical inspection contingency clause in a pending real estate contract?

Jun 8, 2022 ... That's what I thought too... that "pending" means that the home has "passed" inspection, appraisal, and financing and the only thing that would ... A “contingent” status means the seller has accepted an offer, but the sale is subject to certain conditions (i.e., inspections or financing). · For homes listed ... Nov 30, 2022 ... What is the difference between pending and under contract? ... Pending: When a home is listed as “pending” it means the seller has accepted the ... Jul 8, 2023 ... The main difference the seller is not interested in entertaining any backup offers and the home is no longer available to show. Sometimes we ... Mar 5, 2021 ... A sale pending (or active under contract) status simply means that the home seller has accepted an offer from a potential buyer, but the deal is yet to close. Once a buyer releases all of their contingencies – physical, loan, and any others – a property is pending sale. The buyer releasing these contingencies also ... Mar 31, 2022 ... In most cases no. A status of pending usually means that the buyer has passed all the requirements necessary and are just waiting to close. If ... Both mean the property is expected to be sold, but they have different implications for buyers, sellers, and real estate agents. The term pending house means the buyer and seller have agreed to each other's terms and all contingencies have been met so it's been marked as pending and is ... Feb 2, 2024 ... A pending status on the house indicates that a real estate transaction is in progress and nearing closing. All contingencies have been met, and ...