A contingent sale means the buyer and seller are waiting for specific conditions to be met before they finalize the sale, while a pending sale has met those conditions and is being processed. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but...
In addition to the escrow company, several other entities are involved to ensure a successful exchange of the property between the buyer and seller. For a standard sale, this contract pending status can last between 30 and 45 days. Tips When a real estate contract is listed as pending, it ...
In real estate, pending means that an offer on the property has been accepted and is currently being processed. This means there are no outstanding contingencies (or there weren’t any to begin with) and that the closing of the sale — in most cases — is just a matter of time. This ...
“Sale pending” homes, on the other hand, have no contingencies left to meet. Barring an unforeseen circumstance, a home listed as sale pending is all but guaranteed to close. What does ‘active under contract’ mean? Depending on your location, you may see a home listed as “active unde...
What Does Pending Mean? Realtors are asked all the timewhat pending in real estate means. A pending sale means that all of the contingencies have been met. Real Estate agents will move properties that have been contingent to pending when the contingencies will no longer hinge on a successful...
With contingent real estate returning on the market occasionally, backup offers put you in a better position to land the home you want. What Does Pending Denote in a Property Listing? Most of the time, a listing will change from contingent to pending when the contingencies have been met. The...
What Does "Status Active" Mean in Real Estate? Tips A property that's listed with an "Active" status is available for sale, without any pending contracts or contingencies. Status Active Subcategories "Active" status may be further broken down into subcategories. "Active Contingent" means the ...
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What's the Difference Between Under Contract and Pending? The "under contract" status usually means there are still contingencies left to clear, while the "pending" status means all contingencies have been met and the deal will close soon. ...
Lis pendens is a legal means for serving notice to anyone concerned with a piece of real estate that there is a claim and pending legal action against the property. It is important because it notifies potential buyers that another party has a claim to the property. If that party wins a la...