Property Q&A in Highland>Question Details

Melanie Conn…, Home Buyer in Highland, MI

What does it mean when a property went pending?

Asked by Melanie Connolly, Highland, MI Mon Nov 22, 2010

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This question is about this property: http://www.trulia.com/property/1079174196-3350-Ramada-Dr-Hig…

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It means that the owner of the property has accepted an offer. Now all the participants are working through the particulars of the purchase agreement towards closing the sale. If this sale is not completed, the home will be placed back on the market. Some of the usual contingencies of a sale are inspection, appraisal and the buyer's ability to obtain financing. There may be others that are unique to the property or transaction. Most sales are successful but sometimes they are not. You are more than welcome to view all homes available for sale on my website, http://www.michellefigley.com. If you have any questions or would like additional information, please feel free to contact me at 248-765-1704 or michellefigley@michellefigley.com.
0 votes Thank Flag Link Mon Nov 22, 2010
FYI, there are currently 9 active listings on Duck Lake, with one of them as a rental for $2k/month. There are 10 other listing as having Duck Lake privileges. Let me know if you'd like the lists!

Jay M. Jones, Realtor
RealtorJay@sbcglobal.net
248.568.4947
Web Reference: http://www.MyRealtorJay.com
0 votes Thank Flag Link Mon Nov 22, 2010
Hi Again Melanie,

When a property is marked "Pending," it simply means it is currently under contract and no longer being actively listed as the deal moves towards a closing date. The Ramada property you are checking into was marked as such today after 61 days on the market--a day late and a dollar short so to speak... I suggest that buyers sign up for daily updates direct from the Realtor listing system (from a local agent) so that they can be among the very first to get updates via emails for properties that fit their basic criteria. I'd be happy to get one rolling for you. It is without a single doubt in my mind, the best way to insure the eventual purchase of a great deal.

Jay M. Jones, Realtor
RealtorJay@sbcglobal.net
248.568.4947
Web Reference: http://www.MyRealtorJay.com
0 votes Thank Flag Link Mon Nov 22, 2010
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