30-45 days 30-45 days
The definition as listed on http://www.ehow.com reads: Pending -. When a property is pending, that doesn't always mean that it is going to be closed and sold. A number of things can happen when a property is in pending status. For example, the seller might have liens on the property that they cannot pay. The buyer might have their financing fall through.  ok im stuck in a big problem where me and my family have been looking at a house for a while and we put a offer on this house and it has been pending for a 4-6 months under my offer but now my aggent is like it could take a year or 6 months and maybe we cant get it.  Angie there are too many variables to guess. Most properties close within 30-45 days from it going under contract, cash sales will close quicker, conventional loans take about 30 dasy with fha loans taking about 45 days. If it is a short sale that was just put under agreement it could be 45 days up to 6 months. For privately owned sales-assume a normal 30-45 days...It could be less if it's a cash deal. For foreclosures-usually 30 days. For short sales-it should be 30-45 days after the 3rd party lender approves the contract. answer by Rosa Burk | Visit My Website | Contact Me. When a home is in Pending status means that it is off the market, and in the process of being purchased. If you really care for the property, be in the look up, occasionally the transaction fell through. Pending indicates that there is a contract on the house, and that the buyers are in the process of getting their loan -- this process generally takes 3-4 weeks once the offer is accepted. Let me know if I can assist you by using the Contact Me link. K. It depends on the transaction and the agent. Sale Pending means the property is in contract but escrow has not closed. Closing can take a long, long time if it is a short sale because even though the buyer and seller may have a signed contract, they still have to convince the lender to approve the contract. Jster, Escrows can be as short as a week for a cash transaction to several years for large land deals. However, right now the average length is 30-45 days. Sometimes they are pending for a long time because the sale is contingent on the buyer selling another home. Sometimes it is because there is trouble securing financing, or there is an issue with the condition of the house. If you have a question about a specific sale I could ask the agent for you The only problem is, shortly after discovering it, it went into sale pending. But as of today, the house has been in contract pending for nearly three months. No sold sign has been put on the sign out front or on the website and it still remains empty. Do any real estate savvy... show more I have found the house of my dreams It will depend on the closing date as set forth in the contract. For privately owned sales-assume a normal 30-45 days...It could be less if it's a cash deal. For foreclosures-usually 30 days. For short sales-it should be 30-45 days after the 3rd party lender approves the contract. Report Abuse. If its in sale pending for last 3 months, then it is short sale transactions. Sometimes the buyers don't want to wait this long since they don't know if bank will accept their offer or not, they sometime go and put the offer on other houses, so sometimes these houses comes back in the market. But as of today, the house has been in contract pending for nearly three months. No sold sign has been put on the sign out front or on the website and it still remains empty. Do any real estate savvy... It just depends on what the seller and buyer agree too. If it’s a regular sale with regular financing the time is usually 45-60 days. Though these days if you give a bank 45 days they take 50 days, if you give them 60 days they take 65, etc. Sometimes a buyer needs a little longer, or a seller needs a little longer. A short sale can take 6 months anyway, but we’ve had situations where the buyer drops out late in the process. If there’s a backup contract in place it moves to primary position, but the short sale process starts all over with the new buyer. In this case the house never loses its “under contract” status.
http://www.choicefinance.net/blog/2011/09/when-a-listing-has-the-status-of-pending-does-that-mean-that-the-house-is-under-contract-or-in-the-process-of-being-sold-or-is-it-still-available-for-sale-2/ http://www.zillow.com/advice-thread/How-long-does-a-house-stay-pending/469123/ http://www.trulia.com/voices/Home_Buying/House_Status_is_Sales_Pending_How_long_does_it_-259776 http://www.homes.com/question/40350/what-does-it-mean-when-the-status-of-the-house-is-pending-is-that-mean-the-house-is-not-for-sale-anymore/ http://www.trulia.com/voices/Home_Buying/How_long_should_the_sale_pending_phase_last_-87731 https://answers.yahoo.com/question/index?qid=20091222213930AAc3v8Z http://www.trulia.com/voices/Home_Buying/House_Status_is_Sales_Pending_How_long_does_it_-259776 https://answers.yahoo.com/question/index?qid=20091222213930AAc3v8Z http://www.staugustineteamrealty.com/TheStAugBlog/?p=1840
how long can a house be pending