What Does Sale Pending Mean

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Real Estate Broker/Owner with Real Living/Home Realty 24642

                                    What Does Sale Pending Mean

Owensboro Real Estate

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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Rainmaker
1,431,581
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Pending means my wife starts spending the commission check - at least in her head.

Feb 09, 2011 11:56 AM #1
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

A good explanation Connie Lou, many consumers don't really understand the meaning of pending.

Feb 09, 2011 11:31 PM #2
Rainer
67,453
Joanne Tilford
Owensboro, KY
Touching Lives Building Realtionships

Well done, yes the ultimate goal is to have our sign say sold.

Feb 10, 2011 08:39 AM #3
Rainmaker
722,730
Connie Lou Barnett
Real Living/Home Realty - Owensboro, KY
GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC

Thanks guys for stopping by.  I hope this is a great year for all of us. 

Feb 11, 2011 10:51 AM #4
Rainmaker
427,581
June Tassillo
Owner/Broker RE/MAX Elite Realty - Franklin, NC
Let me help you with the next phase of your life!

Connie Lou ~ May you see many SOLD signs on your this year.  I know you will do it being that your so dedicated to your work.  

Feb 13, 2011 09:43 AM #5
Rainmaker
131,383
Karen Pannell
Real Living / Home Realty - Owensboro, KY
Owensboro KY Real Estate -270-903-2167 Homes, Cond

Sale Pending means $$$$$!  Well, maybe!  As you pointed out, a lot can happen between "pending" and "closed"!

Feb 14, 2011 04:56 AM #6
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Rainmaker
722,730

Connie Lou Barnett

GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC
Get the Service you deserve! Call Connie Lou Barnett today.
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