Seeing a house listed as "pending" on Zillow and wondering what that means? You\'re not alone! Understanding Zillow\'s listing statuses is key to navigating the real estate market.
What Does Pending Sale Mean on Zillow?
Essentially, "pending" signifies progress, but not completion. When a house shows as pending on Zillow, it means that a buyer and seller have come to an agreement, but the deal hasn\'t yet been finalized. This stage can vary significantly in duration. Think of it as the home being in a sort of limbo, waiting for all the paperwork and inspections to clear.
Digging Deeper: What Does “Pending” Mean on Zillow?
1. What does “pending” mean on Zillow? “Pending” means the seller has accepted an offer, and the home is in the final closing stages. However, the sale is not yet complete, and issues like financing falling through, inspection results revealing major problems, or title issues can still derail the transaction. This is why the listing remains "pending" – there\'s still a chance the sale might not go through.
While a "pending" status doesn\'t guarantee a closed deal, it\'s a significant step closer than an "active" listing. If you\'re interested in a property listed as "pending," it\'s still worth contacting your real estate agent. They can inquire about the status of the sale and whether the seller is accepting backup offers. You never know – the initial deal might fall through, putting you in a prime position to purchase the home!
Keep checking Zillow for updates! A "pending" listing can revert to "active" if the deal falls apart, so persistence can pay off in your house hunt.