What does it mean if a house is pending for a while?

Over time, the status of “contingent contribution” will change to “pending”, which means that the issues have been resolved and that the deal is almost closed. The houses are listed as pending because, although they are under contract, they have not yet been sold.

What does it mean if a house is pending for a while?

Over time, the status of “contingent contribution” will change to “pending”, which means that the issues have been resolved and that the deal is almost closed. The houses are listed as pending because, although they are under contract, they have not yet been sold. A pending real estate sale simply means that the seller has received and accepted an offer for their home. However, the deal is not yet finalized, so it is “pending” and not simply “sold”.

If you are interested in a pending property, your agent should check with the seller's agent for more information about the status. You may still have a chance, although it will likely be slim. Pending sale (or “pending offer”) simply means that a buyer has submitted an offer and the seller has accepted it. In other words, this isn't the kind of situation where you can simply choose to outbid all other buyers; it's past that point.

When a home has a pending offer, it means that a buyer has made an offer that the seller of the property has accepted. Sellers and buyers are now just waiting to close the sale of the property, whether the buyer makes a cash offer or plans to finance the purchase of the home with a mortgage.

Noelle Fredette
Noelle Fredette

Professional zombie geek. Hipster-friendly coffee buff. Total coffee ninja. Subtly charming tv trailblazer. Hipster-friendly twitter fan. Amateur social media specialist.