Pending means that the seller does not want to show the property to any other buyers at all. 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.
In this manner, can you still buy a house that is pending?
The answer in most cases is no, but real estate transactions sometimes offer buyers another opportunity. Sale Pending – The home has an active purchase and sale contract that has been agreed upon by the buyer and seller. Normally these contracts do not allow a second buyer to “bump” the first buyer.
what does Pending status mean on MLS? 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.
Herein, what is the difference between option pending and pending?
Pending means they are out of the Option Period to back out of the Contract due to repairs. It means if there where any problems the seller and the buyer have work thru them and Pending is the last stage before they close. I hope this helps. Option Pending means that the transaction is still within the Option Period.
What does it mean under contract option pending?
It means a buyer has submitted an offer that has been accepted by the Seller. The Buyer is now in the “option period”. Meaning the Buyer still has the option of backing out of the purchase. If they decide not to back out by the end of the option period the contract would be pending.