What legal recourse do buyers and sellers have if the other party breaches the pending contract?

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 ... Jun 26, 2023 ... When a home sale is marked as pending, it signifies that the seller has accepted an offer from a buyer. It also means the property is no longer ... Dec 22, 2022 ... What do these mean? In this article, we'll cover how real estate transactions work, the differences between pending and under-contract sales, ... 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 ... Aug 2, 2024 ... Pending in real estate means the seller has accepted an offer, and certain conditions and contingencies have been met. Pending - Waiting on Deliverables: This is for the background application ... Real Estate FAQs · Real Estate Licensing by Exam & Education Information ... Feb 13, 2025 ... What Does 'Pending' Mean in Real Estate? ... A pending status on a house means that the seller has accepted an offer, the contract has been signed ... What Does Pending Mean in Real Estate? ... When a home listing moves from “Active” to “Pending,” the seller has accepted a bid, signed the contract, and sees no ... Oct 31, 2021 ... Pending in real estate means that potential buyers have submitted an offer on a home and the seller has accepted the buyer's offer. The deal ... A pending status in real estate means that all contingencies have been resolved, and the sale is moving toward closing. At this point, the property is typically ...