What does a pending real estate status mean?
What does a pending real estate status mean?
Sale pending (or “offer pending”) simply means that a buyer has submitted an offer and the seller has accepted it. In other words, this isn’t the sort of situation where you can simply opt to outbid all the other buyers – it’s already past that point.
What does pending mean on Redfin?
A home’s status is changed to “Pending” or “Pending Offer” once it’s set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time.
What does pending with showings mean?
A home that’s “pending with showings” means the current offer was accepted, but the seller and selling agent still allow potential buyers to see the home in the chance the home sale doesn’t go through.
Why is a house pending for so long?
“In the event the contract close date is delayed for funding or repair issues, the pending status would continue until there’s a resolution— or the contract is terminated,” Ross says. “This can go on for a long time.”
What happens if a seller backs out after accepting an offer?
A home seller who backs out of a purchase contract can be sued for breach of contract. “The buyer could sue for damages, but usually, they sue for the property,” Schorr says. A seller often has to pay the buyer’s legal fees, as well as his own, says Schorr. “That could be a harsh penalty.”
Can a seller back out of a purchase agreement after appraisal?
No, the seller can’t back out of escrow based on the results of an appraisal. If the appraisal is higher than the sale price, the seller can’t nix the contract to pursue a better offer — unless they have another valid reason.
How does pending order grid system work in forex?
(8) The strategy aims at accumulating orders in the direction of the trend till the trader closes it after the achievement of target profit. It limits the number of orders to only one boy and one sell order within the price range during sideways movement. The loss during the sideways movement is limited to the width of the grid + Spread.
What does pending mean on a real estate listing?
Pending, showing for backup. This means the property’s owners are actively taking backup offers in case the first one falls through. Pending, subject to lender approval
When does a home status change on redfin?
A home’s status is changed to “Pending” or “Pending Offer” once it’s set to close and all contingencies have been satisfied or waived.
When does a house become a pending offer?
Definition of Pending. A home’s status is changed to “Pending” or “Pending Offer” once it’s set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time.