![]() ![]() If they can’t get financing, sell their current home, or resolve an issue from the inspection with the seller, the buyer can exit the contract, subject to one of those terms. To understand what “sale pending” means, it helps to understand how typical real estate transactions work.Ī buyer generally makes an offer “subject to” a property inspection, a bank appraisal or full loan approval. Sometimes they make it “contingent upon” the sale of their current home. Understanding ‘subject to’ and ‘contingent upon’ Here’s what you need to know to decide if a “sale pending” home is still worth pursuing. If you’ve fallen in love with a home that shows as pending, don’t immediately rule it out. Many buyers assume that “sale pending” means the property is no longer available. Today’s consumers discover the words “contingent” or “pending” online, and they don’t always know what it means. ![]() Remember the big red “Pending” sticker you used to see across “For Sale” yard signs? Before the Internet and online listings, that sign was the consumer’s only indication that a home had a deal.
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