What Does Pending Mean in Real Estate
12jacob14 Oct, 2022Real Estate
In real estate, a pending home listing refers to an accepted offer for a home. This means that the buyer has accepted the offer of the seller, but there are still many steps involved in closing the sale. The buyer can either make an all-cash offer or a mortgage offer. However, the buyer cannot outbid any other buyers at this stage. Consequently, the buyer has lost their chance to purchase the home, and it is unlikely that any other buyers will make an offer on the home.
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