What is an escrow account and how is it used during the pending phase?

The term pending house means the buyer and seller have agreed to each other's terms and all contingencies have been met so it's been marked as pending and is ... 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 ... Key Takeaways · What 'under contract' means for you buying a house · Under contract vs. sale pending: What's the difference? · What to do if a house you love is ... 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. 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, ... "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 ... Apr 1, 2022 ... What does pending mean in real estate? Sale pending (or “offer pending”) simply means that a buyer has submitted an offer and the seller has ... 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 ... The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts. What Does It Mean if A Home is Pending? Now that the seller and the buyer have agreed to each other's terms and all contingencies have been met, the home is ...