What happens if the appraisal comes in lower than the purchase price for a pending property?

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 ... 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 ... 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 ... Mar 19, 2025 ... Why are properties marked as pending? Typically, properties are marked as pending because the seller has accepted an offer, and all ... Feb 24, 2021 ... “Pending” means that the sale is one step closer to conclude. In this case, the buyer accepted an offer with conditions, and they were met, so both parties ... 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 ... 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 ... 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 ... When a listing says “sale pending,” that means that a buyer has offered to purchase the home, the seller and the buyer have agreed to terms on that purchase. A property is considered pending after the owner has accepted an offer from a buyer. ... What Does Off-Market Mean in Real Estate? In a hot market with limited ...