What is an addendum to a real estate contract and when might it be used during the pending phase?

May 3, 2024 ... A home listed as pending means there's an offer on the home – and unless something goes wrong with the sale – you may have missed your chance to buy 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 28, 2025 ... In real estate, a “pending” status means that the seller has accepted an offer and all requirements have been met. While the sale isn't final ... Once a buyer releases all of their contingencies – physical, loan, and any others – a property is pending sale. The buyer releasing these contingencies also ... 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, ... Option Pending means somebody made an offer and the seller and buyer have agreed on the terms. Everyone has signed it, and the contract has been escrowed at the ... Mar 5, 2021 ... A sale pending (or active under contract) status simply means that the home seller has accepted an offer from a potential buyer, but the deal is yet to close. However, the deal hasn't been closed yet, and a property with a pending status can still return to the market. Once a home is pending, sellers cannot legally ... Jul 23, 2021 ... For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. Once a property ... Aug 28, 2023 ... A "sale pending" status indicates that a property has an accepted offer from a buyer and is currently in the process of moving towards closing.