The answer in most cases is no, but real estate transactions sometimes offer buyers another opportunity. Sale Pending – The home has an active purchase and sale contract that has been agreed upon by the buyer and seller. Normally these contracts do not allow a second buyer to “bump” the first buyer.
Likewise, what does contract pending in real estate mean? When a real estate contract is listed as pending, it means that the contract has been accepted, but the deal hasnt yet been closed.
Also know, what does for rent pending mean?
Hi Tamala, Typically if a property for rent/lease has a status of Pending this indicates that the landlord has reviewed and approved an application by a tenant, a lease has been signed by both the landlord and the tenant, and the deposit has been submitted by the tenant.
What is the difference between option pending and pending?
Pending means they are out of the Option Period to back out of the Contract due to repairs. It means if there where any problems the seller and the buyer have work thru them and Pending is the last stage before they close. I hope this helps. Option Pending means that the transaction is still within the Option Period.
