Types of Pending Sales
- Pending, Taking Backups: The seller is still taking backup offers for the first offer.
- Pending, Release/Continue to Show: An offer has been accepted, and contingencies have been met, but there is still some release or "kick-out clause" for one of the parties. ...
- Pending, Do Not Show: The sale is essentially a done deal. ...
What does it mean if 'lost mode' is pending?
Lost Mode lets you lock your iPhone, iPad, iPod touch, Mac, or Apple Watch so that others can’t access your personal information. You can turn on Lost Mode in Find My iPhone on iCloud.com. Lost Mode requires a device that meets the minimum system requirements listed in the Apple Support article System requirements for iCloud.
What exactly does "pending" investigation mean?
What does sale pending mean in real estate? 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 ...
What does status pending show mean?
Under Contract: What Do All Those Real Estate Status Codes and Listing Terms Really Mean?
- Common real estate status codes and listing terms:
- Active. ...
- Closed (CL) The property is sold and no longer available.
- Active with contract (AWC) This means that even though there’s an accepted offer on the home, the seller is looking for backup offers in case the primary buyer falls through.
What does "pending" mean on a listing?
“Pending means that the seller and a buyer have reached agreement on a written contract.” However, that doesn’t mean you’re out of the game if a home you like is listed as pending. “Homebuyers can write on pending homes, but it would be a backup offer to the pending offer,” Satre says.
Why would a house be listed as pending continue to show?
“Pending” means that the seller is confident the sale will close and 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.
Does pending always mean sold?
“Pending” doesn't mean the same thing as “sold,” so there's still a chance that you can swoop in and take the home. You can usually still submit a backup offer on a home that's pending, but you may not be able to view the property.
Does pending mean not available?
What's a pending transaction? Pending transactions are transactions that haven't been fully processed yet. For example, if you make a purchase with a debit card or credit card, it will almost always show as pending immediately when you view your account online or in a mobile banking app.
What does being pending mean?
not yet decided1 : not yet decided : being in continuance the case is still pending. 2 : imminent, impending.
Can you outbid a pending offer?
*Can you outbid a pending offer? Technically, you can still submit an offer and be a potential backup to the accepted offer. The buyer can't consider your offer unless the current sale falls through, though, so agents will usually discourage you from wasting your time and emotions on trying this.
Whats the difference in pending and contingent?
A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfully met and the sale is being processed.
How long will my check be pending?
A wait of two business days or so is fairly standard for pending deposits. There are regulations around how long your bank can keep your funds pending. This is to protect you from your money being held.
How long do Pending transactions take?
Usually, a pending charge will show on your account until the transaction is processed and the funds are transferred to the merchant. This could typically take up to three days but may stretch longer depending on the merchant and the type of transaction.
How long does it take for a pending deposit to clear?
The clearing process can take up to 10 days. 1 While the deposit is still pending, you're technically spending on credit. Banks are required to communicate hold periods to customers in writing, so take the time to review your account agreement for details on the holds that apply to your deposits.
Does pending mean awaiting?
Pending definition Not yet decided or settled; awaiting conclusion or confirmation. Impending; imminent.
Is pending for approval?
When you say or write that something is “pending approval,” it is referring to the action you are awaiting. When you write or say, “approval pending,” you would mean that the approval is awaiting further action, which may or may not constitute the approval itself.
What does it mean pending payment?
A pending transaction is a recent card transaction that has not yet been fully processed by the merchant. If the merchant doesn't take the funds from your account, in most cases it will drop back into the account after 7 days.
What does "pending continue to show" mean?
Pending continue to show means the offer is executed and passed the option period. The seller will allow showing inn hopes of back up offer. Pending mean the buyer and seller are waiting for the closing date. If you have any questions or concern please call me.
What does "OP pending" mean?
OP-Option Pending means the contract is in an option period and the buyer has the unrestricted right to terminate. This is usually 7-14 days. The seller has no right to terminate the contract during this period...only the buyer. PS-Pending Continue to Show means it is under contract but the seller is still allowing showings for back-up.
What is a P pending property?
P-Pending is under contract but not encouraging back-up showings. Usually the choice of 'P' over 'PS' has more to do with the listing agent's SOP than with the property itself. Many foreclosure agents simply mark the property as 'P' when it's under contract. All are under contract and could only accept a back-up offer.
What does "pending" mean in a home?
Some may say “pending,” while others may say “contingent.”. Still others may give more detail, like “contingent, continue to show” or “pending, taking backups.”. These phrases indicate that the home is in some stage of the sale process. Knowing the differences between contingent and pending offers can help you spot properties ...
What does contingent mean in a home sale?
The seller has accepted the offer, but the sale hasn't yet closed after four months or more. Contingent means the seller of the home has accepted an offer —one that comes with one or more contingencies or conditions that must be met before the sale can go through.
Is a listing still active?
The listing is still technically active until the contingency has been met. The status switches to pending when the offer has been accepted, and all that’s left is the final paperwork and closing. 1. There are different types of contingent and pending statuses. Each one indicates a different level of opportunity for hopeful buyers.
Can you buy a home if it is in a pending stage?
You can take several steps to potentially buy the home if you find a listing that's in a pending or contingent stage. The seller may be able to accept a better offer if the home is still in an early contingency stage (the buyer is waiting on their financing or for their previous home to sell).
Why is my listing staus under contract?
The property Is a short sale: Once a buyer and seller agree on a price it could be six months before the seller’s lender makes a decision. During this time period, other offers can also be submitted for the seller’s lender to review.
What does "doubting sellers" mean?
Doubting sellers: The buyer has done something that gives the sellers the right to void the contract. For example, they did not close during the time period mentioned in the contract. It does not matter if the sellers’ concerns are ligitimate or not.
