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Chase Reyna

What does “under contract-pending” mean?

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What does “under contract-pending” mean?

By Chase Reyna   
Posted on Apr 11, 2019 in Topic: Home Buying
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Status: Open
Viewed: 147
Asked by: Consumer
Posted: 1 month ago
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Marilee Poon
about 1 month ago
Contract - pending means the house has an agreed upon executed contract between Buyer and Seller. The Option period (inspections have been completed and repairs have been agreed) for inspections has passed. During "pending" the house is under contract, the buyer and lender if applicable will be getting information together for mortgage approval, agreed upon repairs will be made, the title company is working on getting clear title (ownership) and the parties are doing what is needed for the house to close/sell. Hope this helps!

about 1 month ago
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