Sale Pending – Defined

By Morgan Saylor

You’ve spotted a home you’ve fallen truly, madly, deeply in love with online but – oh, no! It’s labeled with “Sale Pending”. Can you still put in an offer? What exactly is the availability status of the property?

Brandon Desimone via Zillow Porchlight writes that a buyer generally makes offers
“subject to” certain condition – be it appraisals, inspections, or full loan approvals. They may also make it “contingent upon” the sale of their current home. If any of the aforementioned issues aren’t resolved, they could exit the contract.

When a pending deal is one which, Desimone writes ‘the buyers have removed all contingencies, the buyer is “locked in” to buying the home”. That’s when an agent will label a home as “pending”.

Ask your agent to reach out to the listing agent to find out about the status, inspections, and so on. It may not be a done deal just yet. For more on this, check out Zillow Porchlight here. [INSERT LINK]


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