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What Does Pending Mean in Real Estate? If you're looking at a home listing that has a pending status, then what you're seeing is a home that has an accepted offer from a buyer. This means that the seller and buyer, through negotiations with a real estate agent, have agreed on terms that are acceptable to both parties.What is the legal definition of pending?
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.What is a synonym for pending?
Synonyms for Pending: adj. •about to happen (adjective) hanging, in the offing, unsettled, impending, undecided, forthcoming, up in the air, continuing, Pensile, dependent, imminent, indeterminate, undetermined, in the balance, Awaiting, ominous. •expected (adjective) forthcoming.What does pending mean in?
Pending means the property is under contract ready to close; and all contingencies have been satisfied, and the closing is the next step.