Who bears the risk of loss if the property is damaged before closing on a pending sale?

If a house is marked Sale Pending on the Iowa City MLS it means that the buyers contingencies have been met in the purchase agreement. Inspections have been ... 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 ... Sep 30, 2022 ... When a property is marked as “pending,” it means that an offer has been accepted and any contingencies have been met. Homes in pending status ... 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. 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 ... For those of you wondering, “What does pending mean in real estate,” it basically means that the seller has accepted an offer from a buyer. They have agreed on ... 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 ... 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, ... 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 ... 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 ...