Pending House Sale

In this situation the seller accepted an offer on a short sale property and must be approved by additional lenders or banks outside of the buyer or seller s control which may take a long period of time to process.

Pending house sale. Ask your real estate agent to get in touch with the home s listing agent. A pending sale status means the seller has accepted an offer from a hopeful buyer but the deal hasn t closed yet. Read the balance s editorial policies. This is different from a contingent sale this is different from a contingent.

Throughout the sale process both sides of. While a home sale is more likely to fall through in the earlier stages after an offer has been accepted by the seller pending sales are canceled from time to time and for a variety of reasons. A buyer generally makes an offer subject to a property inspection a bank appraisal or full loan approval. If a pending sale doesn t work out it s important that the listing agent knows who you are.

To understand what sale pending means it helps to understand how typical real estate transactions work. Your real estate agent can gain a little more insight on the condition of the home and whether it s likely to go back on the market. Having a good and attentive real estate agent can actually make or break a pending status says denise supplee a realtor with long foster. Elizabeth weintraub is a former homebuying writer for the balance with more than 40 years of experience in real estate including experience in title and escrow.