When does ownership officially transfer in a pending real estate transaction?

Aug 16, 2024 ... What Does Pending Mean in Real Estate? ... In real estate, "pending" indicates that a seller has accepted a buyer's offer and both parties have ... Jan 24, 2025 ... Pending means the house you are looking at has an accepted offer, and contingencies have been removed. This means this house is closer to being finalized and ... Sep 25, 2023 ... What Does "Sale Pending" Mean? ... When a property is marked as "Sale Pending," it indicates that the seller has accepted an offer from a buyer, ... Sep 13, 2023 ... Under contract comes right after a buyer's offer is accepted, while pending sale is the last stage before finalizing a deal. While contracts can ... 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 ... 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 ... Jan 15, 2024 ... Pending. A pending status on a listing means that the Seller of the listing has accepted an offer on their home, but the transaction has not yet ... Dec 27, 2022 ... A pending sale may be referred to as “under contract” by some real estate agents. Regardless of terminology, the meaning is the same. A sale is ... The basis of the pending status is that an offer has been accepted, and there's a binding contract between the buyer and seller. That doesn't mean that the sale ... May 18, 2020 ... But deals fall through all the time so pending doesn't necessarily mean sold. Buyers may not submit a formal offer while a deal is pending but ...