What happens to the earnest money if my backup offer is not activated on a pending property?

Oct 6, 2023 ... If this appears, it means that there is a fault or user error, so a listing has remained in “pending” status for more than 4 months. This ... Mar 9, 2024 ... Pending means a buyer's offer has been accepted by the seller, and all contingencies outlined in the contract have been met. In real estate, “pending” refers to a property that is under contract to be sold. This means that the seller has accepted an offer from a buyer, ... 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. A pending listing isn't a guarantee that closing will happen. An experienced real estate agent can work with you to increase the odds of a successful real ... Feb 14, 2024 ... “Pending” typically means that the seller has accepted an offer on the property and the sale is in progress but not yet finalized. May 31, 2022 ... In the High Country of North Carolina's Matrix Multiple Listing Service, a property is marked as Under Contract when both the buyer and seller ... Feb 25, 2022 ... A listing will be changed to “pending” when the homeowner has accepted an offer from a buyer. This means they may have negotiated on a price and ... 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 ... 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.