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 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 ...
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 ...
Learn what encumbrances are in real estate, their types, and why encumbrances may not necessarily be a bad thing for buyers, sellers or owners.
1. In real estate, “pending” and “contingent” are both statuses used to indicate the progress of a transaction. 2. A pending status means that all contingencies have been met or waived, and the sale is moving toward closing. 3. On the other hand, a contingent status means that unres...
Here’s what “under contract” means in real estate, how under-contract home sales can fall through, and whether you still can make a successful offer on a home that’s under contract. Key Takeaways: Anunder-contract homeis one with an accepted purchase offer, but with contingencies still...
Income-producing assets help safeguard wealth and offer steady returns, even in volatile markets. Kate StalterFeb. 11, 2025 10 of the Best REITs to Buy for 2025 REITs are a great way to add real estate to your investment portfolio.
Too much debt means more of the company's cash outflows are controlled by bondholders, whose interest payments are mandatory, rather than shareholders, whose dividends are optional. In hard times, these firms could cut their dividends to avoid defaulting on bond payments. A healthy company is ...
Structural encroachment occurs when a property owner builds or extends a structure onto the public domain such as sidewalks or roads. In most cases, sidewalks and residential streets are generally public property owned by the municipal government. This means that a property owner who builds a drive...
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...