What happens if interest rates drop after the buyer has locked in their rate for a pending property?

Pending status indicates that a property has an accepted offer and is moving toward closing, though the transaction is not yet finalized. This phase suggests ... Mar 31, 2016 ... The fundamental meaning of Pending is the period where the funds being used to purchase the property are in process of being released to the seller. 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 ... Jun 4, 2024 ... Under contract means a buyer has accepted an offer but the sale will proceed after contingencies spelled out in the contract are met. Pending ... 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 ... 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 ... 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 ... Feb 9, 2024 ... However, a pending status indicates that the property is likely on its way to being sold, and it might be better to focus your search elsewhere. 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, ... Couple checking on list of must have items with real estate agent. What Does “Under Contract” Mean? Flip ...