what is property pending under contract mean?
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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.
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- Pending Transactions is a list all of the trades that have been entered but have not yet been executed. A trade will appear in Pending Transactions after it has been entered and will remain there until it goes through and appears in your portfolio. Be sure to review all of the information provided for errors.
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What Does Sale Pending Mean in Real Estate? A True Home, Pending Sale. A pending sale has had all contingencies removed. The buyer has had inspections and told the seller he’s moving ahead. The property appraised appropriately, and the buyer’s loan was approved. At this point, the buyer, having removed all contingencies, is now “locked in” to buying the home.
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- What does pending disposition mean in legal terms? A pending disposition in legal terms means that no decision has been reached yet. When someone is arrested and they have a pending disposition, it means that it has not ye … t been determined whether they have actually committed a crime or not.
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Symptoms of Heberden's nodes Symptoms of Heberden's nodes. 1  Hard swellings on end joints of fingers. 2  Impaired use of fingers (dexterity) 3  Preceded by joint pain and inflammation. 4  more symptoms...».
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- Homes with an accepted contract for sale have an MLS status of pending. Here is a description of all of the pending statuses used by the Northwest MLS.
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"Define the Real Estate Term ""Under Contract""" The real estate term “under contract” means that a binding agreement exists between a buyer and a seller of property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer. This is because the buyer is under obligation to purchase to property from the seller.
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We are interest in a house listed as under contract. what does under contract mean? How long before we know if sale is going forward? Under Contract means that an offer has been made on a property and the seller has agreed to the offer. There are typically several contingencies that need to be taken care of before the property actually closes.
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- Status Definitions. For Sale: Properties which are available for showings and purchase. Active Contingent: Properties which are available for showing but are under contract with another buyer. Pending: Properties which are under contract with a buyer and are no longer available for showings. Sold: Properties on which the sale has closed.
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What Do All Those Real Estate Listing Terms Really Mean? Even though a sale is highly likely, some pending properties may still accept backups. If your offer is accepted as a backup, you’re in line to go under contract if the first sale falls through. Pending, showing for backup. This means the property's owners are actively taking backup offers in case the first one falls through.
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Teaching assistant (United Kingdom) Teaching assistant (United Kingdom) For a broader coverage related to this topic, see Teaching assistant. A teaching assistant or educational assistant (often abbreviated to TA or EA; sometimes classroom assistant) in schools in England and Wales is a person who supports students in the classroom. Duties can differ dramatically from school to school, though the underlying tasks often remain the same. 1 Role.
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"What does UNDER CONTRACT""! mean in real estate?" A short sale means that your contract is below the amount of the loan that exists on the property. The mortgagee will look at the offer and decide whether to accept it. It can take a while for that to happen, but in the meantime the house is under contract. By you. The real estate term “under contract” means that a binding agreement exists between a buyer and a seller of property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer.
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Under Contract: âContingentâ vs. âPendingâ “Contingent” means it can be shown. “Pending” means it cannot be shown, although there may still be contingencies. Contingent : Contingent status indicates that a property under contract is subject to an additional contingency or condition, i.e. “Contingent Sales Addendum”, Due Diligence Period, etc.
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"What does ""under contract"" mean?" A home is under contract when a buyer has made an offer on a home but the sale is not final. In order for a home to close and no longer be under contract, all contingencies must be met (inspection, financing). When the home successfully closes, the home will be listed as sold rather than under contract.
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How Long Should A House Stay In Sale/Contract Pending? Can I Still Make An Offer? 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.ut 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...
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What does pending mean? I was told and this proved to be a fact on a couple of properties that I was interested in. Pending can mean that the property is not for sell right now but it cost money to re list so they just show it as pending so they can put it back on the market later.
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- Active/Pending = Usually that means the seller would like to get more offers. Savvy agents want back-up offers in place. If you made an offer to purchase a property and the seller agreed to the price, but already has a buyer in contract, you would be the 1st position back-up buyer.
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What does pending for rent mean When something goes pending whether for sale or for rent, it means that the home owner has an offer and it is in the process of being accepted..
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"What exactly does it mean when a house is ""Under Contract""?" It means a buyer has made an offer and the seller has accepted that offer and there is a contract between the parties and they are now going through the process of completing the necessary terms under that contract before the property changes hands.
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what does it mean when the status of the house is pending? is that mean the house is not for sale anymore? (P) Pending as a status indicates the homes is under contract pending closing and is no longer offered for sale or available for back up offers. Buyers looking for homes should move on to available listings.
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what does option pending mean ? OP-Option Pending means that the buyer has paid a fee for the unrestricted right to terminate the contract during the 'option period'. The buyer and seller agree on the amount of the fee and the length of time for the option period.
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What does active contingent mean? Active-contingent as a property status means that the property has a contract in place and is contingent on a term to be completed before it will close. The term can be approval from a third party, getting a mortgage, et cetera.
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- answer by Michael and Doris Wright | Contact Me. Hello, The under contract sign means that the seller has accepted an offer, and is usually no longer showing the home. The sale is not complete yet, so if the dealfalls through, you may still be able to purchase the home. If you like I can contact the listing agent and see if they will confirm the status.
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"what is the difference between ""pending"" and ""Option 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. During the Option Period, the buyer has the right to terminate the contract for any reason. During this period, the buyer usually has inspections done on the house and negotiates repairs (if any) for items noted on the inspection report.
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Contract for Deed FAQ - United States A Contract for Deed (or Land Contract) is a contract for the purchase of real property (real estate) in which the seller retains the deed (title) to the property until the purchaser makes payments in installments equal to the agreed upon purchase price. Contract for Deed (or Land Contract) is a contract for the purchase of real property (real estate) in which the seller retains the deed (title) to the property until the purchaser makes payments in installments equal to the agreed upon purchase price.
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- When a house is for sale and is in pending status, a contract has been offered to a seller. When a contract is accepted and executed, it goes into an option period and then pending.f you see a home of interest on the street and there is a pending sign on it, do not be discouraged. By law, listings can show up until the day of an actual closing on a home. Real estate yard signs will remain in the front yard and can therefore be shown to all interested parties. Research Homes Online.