What Does Pending Mean on Long Island?

That is a really good breakdown!  In our market, pending is when the contract has been signed by all parties, and escrow is opened.  I have seen agents leave a listing in an active-ish status until inspections are completed, and sometimes until the appraisal is also completed, but I feel that this is a disservice to the sellers as the days on market for the listing continue to accumulate, which leaves the seller in a really bad position with a stale listing, should they have to go back onto the market.

Good morning! That's a good overview for buyers who are still looking around for a home!

Good morning Sheri and Larry. Want to solve the APS equation quickly? Us the "L&S Team" whether a buyer or seller be. Easy Peasy. 

Hello Sheila and Larry - a good discussion that seems never-ending.  Although explanations/rules may exist in multiple listing services organizations they seem, in my experience, to differ not only by system but be individual members in each association.  

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400   I would keep it ending especially while inspections were being done and if the offer only had a pre-approval.

It allowed for a back-up offer to be considered

This is good information to share with home buyers and home sellers.

Happy Friday the 13th!

Our pending is the same, however, we also have an active with contract, which means an offer has been accepted, but not all the contingencies have been cleared and the home can still be shown. However, many homeowners prefer the home to be marked pending so they do not constantly have to leave for a showing and keep the home in show condition.

Good morning Sheila and Larry. We do it a bit differently here. We have Active, then we have Under Contract-Show (meaning home is in a due diligence period) and then Under Contract-No Show (meaning home is through due diligence waiting to close) and finally we have Sold.

Hello Sheila and Larry and yes the word pending should mean the same in all states but maybe not.

Hi Larry and Sheila- This is good to spell out for potential buyers and sellers. It's easy to forget that real estate is regional and what is pending in one state may mean something different in another.