Why Are Houses Pending For So Long?

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.

Do pending houses ever fall through?

Sales fall through all the time; the average home sale takes about 50 days to close and a lot can change in almost two months. Whether your home sale is pending — meaning the seller accepted an offer, but the sale hasn’t closed yet — or it’s a contingent sale — meaning the buyer or seller (or both!)

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.

How long does the house buying process take?

If you’re wondering how long it takes to buy a house, the answer is it depends. On average, a homebuyer can spend a few days to go through the initial pre-approval process, anywhere from a few weeks to a few months shopping for the right home, and 30 to 45 days to close the deal.