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"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.

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What does pending in real estate mean?

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Can you buy a real estate property that has a sale pending?

No. A sale pending implies that the property is under a binding contract.


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The warrant is pending


How do you use pending in a sentence?

The contract had been drafted and was ready to be signed, pending its approval by the director. The voters were made aware of the pending changes to the tax code. Some of the repairs had already been made, and others were still pending.


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That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.


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What does option pending mean in real estate?

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.


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Peeding is not a word. Did you mean 'pending'? Pending: in the period before the decision or conclusion of; during: pending the negotiations.


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it means it has yet to be shipped.


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"Pending" literally means hanging. A pending matter is one that is hanging there, waiting to be finished.


What does pend- as in pending mean?

to weigh