Home Buying in Augusta>Question Details

Robin, Home Buyer in Brunswick, ME

What does "pending" mean when place next to the price of the listing?

Asked by Robin, Brunswick, ME Sat Jun 19, 2010

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Answers

4
Hey Robin,

For the most part, Anna's answer was correct. However, you always need to add the qualifying word, "Usually". Because in this real estate market, a lot of homes go "Under Contract" and show as "Pending" only to fall through before the closing. Then that home will usually be brought back on the market.

If you have a particular home you are interested in, I can look it up for you. Just let me know. My cell is 975-9330!

Blessings!!
Steven M. Dyer, CRS
Keller Williams Realty
50 Sewall Street, 2nd Floor
Portland, ME 04102
207.975.9330
steve@TheMidCoastGroup.com
2 votes Thank Flag Link Sat Jun 19, 2010
Pending, generally means the property is under contract and the parties involved are going through the steps that will lead it to the closing table.
1 vote Thank Flag Link Sat Jun 19, 2010
Pending most commonly means that the house is under contract
0 votes Thank Flag Link Wed Oct 2, 2013
Robin,
"Pending" means there is a contract in place on the property that may have contingencies that need to be worked through. Common contingencies are: financing, inspection, presentation of documents, survey etc.
0 votes Thank Flag Link Sat Jun 19, 2010
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