Home Buying in Cape Coral>Question Details

cmn1967, Home Buyer in Cape Coral, FL

Property is "Under Contract" or "Pending" ?

Asked by cmn1967, Cape Coral, FL Sat Apr 20, 2013

Does that mean no one else can place an offer on the property?

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Answers

8
Please fee free to call me if you are still looking for something affordable in Cape Coral.
I work with off market properties and typically receive updated lists the last week of the every month.

Adolfo "A.D." Diaz
ISellFlorida@ymail.com
239-872-7936
0 votes Thank Flag Link Thu May 9, 2013
Pending homes are already under contract but they sometimes do come back on the market - an example of this would be if the buyers loan doesn't go thru. You can always submit a back up offer if you truly love the home but you are usually better off just looking at active listings that you know you can purchase.
0 votes Thank Flag Link Fri Apr 26, 2013
Pending means "move on". you don't want to waste your time and energy being a back up offer. (says every buyer I've ever worked with)

Just sayin :)

I suggest using a buyers agent. They are free and he/she will look out for your best interest.

Thank you,

Cody Anderson, MN Licensed Realtor

RE/MAX RESULTS
Metropolitan Home Team
0 votes Thank Flag Link Sat Apr 20, 2013
Thanks Danielle, Hopefully everything will work out. If not NC or Tenn maybe my next stop! lol
0 votes Thank Flag Link Sat Apr 20, 2013
It doesn't hurt to try a backup offer; worst thing that happens is the first offer closes. Continue to look. I know it's really frustrating right now for a lot of people.
0 votes Thank Flag Link Sat Apr 20, 2013
Thanks for the quick responses! I am just kinda stuck right now, with the limited amount of "cheaper" homes available i am not sure what to do anymore. Maybe moving to another state where i would have a better chance of actually being able to buy a house.
0 votes Thank Flag Link Sat Apr 20, 2013
Think of the definition of a CONTRACT:
A third party cannot insinuate themselves into the Contract.
You would have to wait for the possibility that their DEAL falls through.
Normally, this would be a remote possibility; everyone wouldn't have gone this far, without a good likelyhood that they would succede. Looking at it another way; everyone has a vested interest in seeing it tgo through.
0 votes Thank Flag Link Sat Apr 20, 2013
You could see if the owner is accepting backups and write an offer subject to the first offer performing.
0 votes Thank Flag Link Sat Apr 20, 2013
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