What Does Sale Pending Mean
A lot of work goes into getting a property listed, then comes the marketing, then showing the property, then an offer, then negotiating the offer, then "Sale Pending".
When a property goes under contract and buyer and sellers have come to terms on price, possession, closing, etc. Several things need to happen following the listing going pending. Property must pass inspections, if repairs are needed they must be negotiated between the buyer & seller.
Property must appraise or the price is renegotiated, financing must be secured. Then comes the closing, then possession. Hopefully you have done a good job and both buyers and sellers are happy clients.
We all love to see "Sale Pending" posted on our listing in the MLS and on our signs. However the most beautiful sign we can see is "SOLD"!
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