A “sale pending” house may seem like it’s off the market, but don’t be so quick to write this one off. A more precise assessment of the property’s status? A buyer’s offer has been accepted and the deal should go through—but it might not.
“‘Pending’ does not mean ‘sold,’” Joy Triglia, broker and CEO of Century 21 Universal Luxury in Fort Lauderdale, FL, points out.
A property’s status goes to “pending” on the multiple listing service the minute a contract is executed between the buyer and seller. But life happens, and there’s still a chance the home can be active once again.
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