What happens if the buyer's mortgage is not approved during the pending period?

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 ... 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, ... Oct 2, 2023 ... Pending means a property offer has been accepted and the contingencies met, but the sale hasn't been finalized yet. 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 ... Sep 13, 2023 ... Under contract comes right after a buyer's offer is accepted, while pending sale is the last stage before finalizing a deal. While contracts can ... Sep 25, 2023 ... What Does "Sale Pending" Mean? ... When a property is marked as "Sale Pending," it indicates that the seller has accepted an offer from a buyer, ... A pending contract occurs when an offer presented by the buyer's agent to the listing agent is accepted. Once that offer has all parties' signatures then you ... Both mean the property is expected to be sold, but they have different implications for buyers, sellers, and real estate agents. Jan 15, 2024 ... Pending. A pending status on a listing means that the Seller of the listing has accepted an offer on their home, but the transaction has not yet ... 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 ...