What happens if the primary pending deal falls through and there is a backup offer?

Sep 30, 2022 ... When a property is marked as “pending,” it means that an offer has been accepted and any contingencies have been met. Homes in pending status ... Apr 14, 2023 ... What Does Contingent Mean? As a general term, contingent means “upon certain conditions being met.” In the context of real estate, it means that ... "Pending” means that a contract is complete for selling a property with no conditions attached and the home is no longer considered an “active” listing. In ... Oct 13, 2022 ... When a property is pending, it is firmly under contract, and there are no longer any contingencies left on the sale. Once a home is listed as ... Mar 28, 2023 ... When a property is in a 'pending' status, the sale will likely be completed soon. All contingencies have been satisfied, allowing for a smooth transaction. Jun 5, 2023 ... Pending is the last stage of the selling process. This is when the buyer has released all of their contingencies and this property is pending sale. Sep 30, 2023 ... When a home sale has a status of pending, it means that either the seller has accepted the buyer's offer without contingencies and they have ... 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 ... May 17, 2021 ... You might also hear terms like “under contract” (meaning the house sale's contract is in process) or “closing period” (referring to the weeks ... May 17, 2024 ... What Does Pending Mean in Real Estate? Pending means that a sale is currently being processed. The sale either never had contingencies or had ...