Sale Pending means that the Sellers have accepted an offer on the home, and now it is going through the various events that have to take place, according to their contract - appraisal, inspection, clear title and most importantly and most difficult in this current environment, buyer's mortgage approval. Once all these procedures and conditions are met, within the set timelines of the contract, they'll be able to close. It is not out of the question for the property go return back to the market - I looked it up and it has been under Pending Sale twice before. I hope for the sake of the participants in the deal, that this goes smoothly but I'd be happy to watch it for you, in case it comes back to Active Sale status.
It is a super price and doesn't seem to be a foreclosed property or a short sale.
If you'd like me to help in any way, by watching this property or looking for something similar for you, feel free to contact me.
Villa G Realty, Inc.