Property Q&A in Iowa Falls>Question Details

Alisha Wood, Other/Just Looking in Iowa Falls, IA

Is it still possible to purchase a house although the status is pending?

Asked by Alisha Wood, Iowa Falls, IA Wed Mar 30, 2011

I really want to buy the house on 621 College Ave. Iowa Falls, Iowa, but it's status is set as pending. I am only 18 but I have the funds to make the payments and my fiance and I would love to live in this home.

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In many cases you can submit a back-up offer if there is an offer already in place, but the first offer would be given the opportunity to perform on all aspects of the contract first. If their transaction would not be able to be completed - there is a chance yours could then kick in.

Have you been pre-approved with a bank yet? That would be a good first step if you have not done that. Most of the time when you do make an offer, the seller will want to see that you are pre-approved before giving serious consideration to your offer anyway.

What a seller can't do is just decide they like your offer better and cancel the first contract.
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0 votes Thank Flag Link Wed Mar 30, 2011
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