What Does Pending Mean When Buying A House at Buying

What Does Pending Mean When Buying A House. The terms of a pending offer can vary quite a bit. During this conditional period, the buyer is doing their due diligence in submitting the offer to their lending institute, such as a bank, in order to get the final approval for the loan.

There is not a great opportunity here, but you can submit a backup offer in case the first contract falls through. It means that the sale to a buyer is already in the works but they are still showing the house to others as a back up incase the current. An option pending status means the buyer is in the process of having the home inspected and can still change their mind on purchasing the home.

When you find your hallelujah by and by, you will fly away

For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. For a home to be listed as pending, that means the home is under contract and there are no longer any contingencies on the sale. What does it mean when a house is pending? Remember the big red “pending” sticker you used to see across “for sale” yard signs?