Pending vs under contract

When you find your dream home online or have your eye on a house in your neighborhood, you might also see a “sale pending” sign on it. But what does pending mean on a house? Does it mean that the sale is a done deal — that you might as well walk away?

Or do you have a decent shot at getting a pending home?

In this situation, you can still hold onto hope because the sale hasn’t yet gone through.

How long does it take for a house to go from pending to sold?

However, it’s also true that you can lose out on the sale. 

We’ll walk through the exact definition of pending and whether you can put an offer on the property. Finally, we’ll also discuss whether it’s worth going after homes that bear a “sale pending” sign.

What Does the Pending Status Mean in Real Estate?

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 hasn’t closed — pending doesn’t mean sold. It merely means that a contract has been signed between both parties and the deal is progressing towards completion.

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when a property is pending what does that mean

when a house is listed as pending what does that mean