Under Contract vs. Pending Sale in Real Estate Transactions
Realty Biz
JULY 25, 2023
This means that the buyer and seller have agreed on the terms of the sale. There may still be contingencies that need to be met, such as a home inspection or appraisal. For example, a buyer might have a contingency that the home must pass a home inspection. If the home fails the inspection, the buyer can back out of the sale.
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