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You Asked - what does PENDING mean?

By
Real Estate Agent with Hawai'i Life Real Estate Brokers HRE# 58089 - RS

pending on Maui You Asked - what does PENDING mean?

Our Maui MLS and the consumer facing IDX sites display Maui property listings that are either Active or Pending/Continue to Show.  What does Pending mean?  A Pending status means that the property has a binding contract to purchase, and the buyer and seller have come to an agreement on price and terms for the sale.  A Pending sale is contingent upon the buyer and seller doing what they have stated they will do in order to make the sale complete.  

On Maui a seller will typically provide a seller's disclosure statement, any subdivision or condominium documents, a survey, a termite inspection and property clean up.  A buyer will be expected to do their due diligence, make inspections of the home and property, review all documents and do their best to get financing if they don't have the cash.

Pending is the first step on the way to being SOLD.

if you're looking to buy or sell a home on Maui, then give me a call....
 
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call or text me 808 283-0635 ~ EMAIL
  

Comments(5)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Like sold in contractual terms but the actions needed have not taken place yet, right?

Oct 24, 2011 04:55 PM
David Zablatsky
Avant Realty Group - Needham, MA
Real Estate - Needham, MA

Pam,

 

great information thank you so much for providing us.

 

David

Oct 24, 2011 04:55 PM
Jenifer Lower
Bozeman Montana Real Estate .net - Bozeman, MT
Your Dream. Our Passion.

Pam, I love the agents here who cannot seem to get the home marked as pending, so my buyer ends up disheartened!  Really hard to do business when you don't have all the info!

Oct 24, 2011 05:07 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Laura - yes exactly... waiting for all contingencies and "subject to's" to be removed.

David - you're welcome

Jenifer - we try to enforce a 3 day rule to get the status updated because, as you say, it can be very misleading for buyers and agents.

Oct 25, 2011 11:25 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

I don't bother showing Pending homes, even if it says 'accepting backup offers' since it is normally a waste of time. Clients do always ask about that.............

Oct 26, 2011 02:28 AM