Home Buying in Lovell>Question Details

Jenniferr0177, Home Buyer in 08063

What does it mean if you bid on a house and the other agent tells you that it has contracts pending? How long for the listing?

Asked by Jenniferr0177, 08063 Thu Aug 15, 2013

to state sale pending or under contract? this would be for NJ?
It has been over a week since we were given this information

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Answers

2
In Maine, it should be shown as under contract in the MLS within 5 days. Perhaps they had verbal agreement (which is not binding) but waiting on final paperwork.
0 votes Thank Flag Link Thu Aug 15, 2013
Hi Jennifer - If you are inquiring about a NJ home, you would be better off posting in the NJ section, not Maine, because things do vary by state. In general, contract pending means it is under contract. The amount of time it takes to close will vary by contract. In some cases, it is months.
Regards.
Margaret
0 votes Thank Flag Link Thu Aug 15, 2013
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