What does option pending mean?
"Contract pending" in real estate refers to a situation in which the buyer and seller have signed a purchase agreement and agreed on terms, but the sale has not yet closed. Before the deal is completed, requirements like financing, inspections, and appraisals must be met during this time. Technically, the property is still not for sale.
When a buyer is within the option period—a brief window of time to view the property and potentially withdraw—the seller has accepted an offer, and the buyer is said to be "option pending" in that context. The deal may still fall through during this due diligence phase because it isn't yet fully under contract.
It could mean, "Line of Business".
In real estate language this means that there is no active listing for the condominium, advertising it for sale.
Price change
No. A sale pending implies that the property is under a binding contract.
A pending or recent zoning change
"Contract pending" in real estate refers to a situation in which the buyer and seller have signed a purchase agreement and agreed on terms, but the sale has not yet closed. Before the deal is completed, requirements like financing, inspections, and appraisals must be met during this time. Technically, the property is still not for sale.
When a buyer is within the option period—a brief window of time to view the property and potentially withdraw—the seller has accepted an offer, and the buyer is said to be "option pending" in that context. The deal may still fall through during this due diligence phase because it isn't yet fully under contract.
boe
by the space
In real estate, RSF means rentable square feet.
No, the Real Estate agent is attached to the broker, the broker is the one the listings are with, an agent is not allowed to be paid directly in most states, so it is at the brokers discression or company policy, but not likely.
The term "real estate taxes" means the taxes on the property that you own. Your real estate is the property itself. This tax is generally payed annually to your county.
It could mean, "Line of Business".
"PA" It actually means PENDING APPROVAL when it is a short sale through the lender
Its the name of a real estate company. ERA. Not sure what that actually stands for though. sorry.