Question: Why Would A House Be Pending For So Long?

It could be that those houses are contingent on the sale of the buyer’s house.

That might take longer to get to closing.

It could be that the seller wanted to wait to close until warmer weather–another reason for a delay.

It could be the buyer is transferring from another location and wanted to wait to close.

Why are houses 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.

Can you make an offer on a house that is pending?

Can you still make an offer that the seller may like more? Typically, the listing agent is no longer accepting offers once the property is listed as pending sale, so you won’t be able to place your bid. But real estate deals can fall through for a variety of reasons, so a pending sale isn’t a done deal.

What does it mean when a house is pending?

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.

Why would a house say pending continue to show?

Pending continue to show means that the seller is moving forward with the current buyer in good faith. However, the property will continue to show through the listing agent. If the status of the negotiation goes to pending, then the deal will likely go through to the tune of 90 percent.

Do pending sales ever fall through?

The sale typically can’t go through until any liens or title issues are resolved, and this can be time-consuming. A buyer may decide they don’t want to wait and let the pending sale fall through.

Is 2020 a good year to sell a house?

Few people are predicting that 2020 will be a record-breaking year for home sale prices. But relatively speaking, 2020 might be the best time to put your house on the market. — New buyers are still entering the market. — Interest rates are expected to remain low.