A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn’t closed yet.
(This is different from a contingent sale.) A property is placed in pending status the minute a contract is executed.
Can a realtor show a house that is pending?
A real estate agent is not only allowed to continue showing a home that’s already under contract, he’s encouraged to do so in the best interest of his client. Likewise, homebuyers are also encouraged to view homes that are under contract, or pending, as the status is often referred to on multiple-listing services.
What is the difference between pending and contingent?
Pending. Contingent means the seller of the home has accepted an offer—one that comes with contingencies, or a condition that must be met for the sale to go through. Contingent—Continue to Show: The seller has accepted an offer which hinges on one or several contingencies.
Why would a house be pending for so long?
Reasons why pending offers can take longer
Those include things like inspections, or a delay with the survey, appraisal, or even the homeowner insurance. Here are a few other issues to be aware of.
What does it mean when a house is pending on Zillow?
When your real estate listing goes from “active” to “pending,” it means you’ve accepted an offer, but the sale hasn’t closed yet. (You’ll also hear real estate agents use the phrase “under contract” for this post-offer, pre-close time period, too).