What is the purpose of a preliminary title report in a pending real estate transaction?

Mar 18, 2025 ... In simple terms, 'pending' means all those 'ifs,' the contingencies, have been met, and the sale is moving full steam ahead toward closing. The ... 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 ... 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. Feb 18, 2025 ... Can You Put in an Offer On a Contingent House? 05. What is the Difference Between Pending and Contingent? 06. How Often Do Contingent Offers ... Jan 17, 2020 ... When a property is marked as contingent, it means that the buyer has made an offer and the seller has accepted that offer, but the deal is ... "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 ... The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts. 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 ... Jul 1, 2024 ... Contingencies must be met before the contract can be legally binding. · Pending status is the last stage before closing. · A good real estate ... Sep 4, 2020 ... It simply means that the property is under contract with a buyer. The contract could still be in the Due Diligence process, or it could have ...