Why does pending continue to show?

Why does pending continue to show?

“Pending continue to show” means that the seller wants to continue to show the house to other buyers in case the current contract falls through. During this time, the seller will still encourage—and even sign onto—backup offers for the property. They can simply accept backups in case the current contract doesn’t close.

What is the difference between option pending and pending continue to show?

Pending means that the seller 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. However, the property will continue to show through the listing agent.

What does it mean when a house goes from option pending to pending?

When a home is pending, it means that the seller has accepted an offer from a buyer. Though most pending home sales go to closing, a deal can still fall through if the seller can’t get funding, changes their mind about the sale or finds a problem with the home.

What does continue showing mean?

Active Continue to Show: If a listing says “Active Continue to Show”, it means the Seller has accepted an offer on their property. It also says that the Seller will continue to show it for backup offers. Most agents keep a listing in this status until the Buyer has removed most of their contingencies (ie.

What does Pending do not show mean?

a done deal
Pending- Do Not Show. Essentially, this means that the sale is a done deal. The seller isn’t showing the house nor accepting new quotes.

Why would a house be pending so long?

“In the event the contract close date is delayed for funding or repair issues, the pending status would continue until there’s a resolution— or the contract is terminated,” Ross says. “This can go on for a long time.”

What does it mean option pending?

Option Pending means that the Seller has accepted the Buyer’s offer, but the Buyer is still under the option period, which is a unilateral contract, during which only 1 party is obligated to perform- the Seller, and the Buyer has unrestricted right to back out of the contract.

Can a pending house fall through?

In a “pending sale,” contingencies have lapsed, and the deal is near closing. A pending sale can still fall through if there’s an issue with financing or the home inspection.

What does the eye symbol mean on movoto?

The eye icon means you have previously looked at the property.

What comes first pending or contingent?

Does pending or contingent come first? Contingent deals are technically still active listings because they can fall out of the contract if contingencies are not met. If the contingencies are met, the deal with then advance to a pending status.

What’s under contract option pending mean?

Under contract option pending means the sellers have accepted a contract with a termination option for the buyer. The standard residential purchase contract contains a termination option for the buyer to allow them to conduct their inspections and gives the buyer the right to terminate for any reason during the contract defined option period.

What does it mean if a home for Sale says “contract pending”?

If a home for sale says “contract pending,” it means that all of the necessary paperwork hasn’t necessarily gone through.

What does house for sale pending mean?

A pending sale is the sale of a home is awaiting a settlement, or — more likely — in the final stages of escrow. More often than not, pending simply means all the contingencies have been carefully removed and the buyer is “locked” in; all that’s left is to close the deal.

What does pending real estate mean?

Definition of Pending. A home’s status is changed to “Pending” or “Pending Offer” once it’s set to close and all contingencies have been satisfied or waived. This is when the lender and the escrow agent or attorney process the loan and title documents to make sure the deal closes on time. Sometimes the sellers may still accept backup offers on…