What Does Pending Mean in Real Estate?
Posted by Florida Realty Marketplace on
If you spend time looking at online listings of Champions Gate homes for sale, you’ve probably experienced the disappointment of seeing your dream home listed as “pending.” But does that mean all hope is lost?
A pending description means an offer has been accepted, but it is not a guarantee that the deal will go through. You can keep an eye on the listing and look for opportunities to swoop in if the listing remains available.
What “Pending” Really Means
A listing will be changed to “pending” when the homeowner has accepted an offer from a buyer. This means they may have negotiated on a price and other terms, and both parties have decided those terms are acceptable. There will be a contract executed that states the price, conditions,…
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