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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

The first is the active period, when your home is listed as available for sale in your local MLS. Sale pending is the status in between active and sold, which indicates that you’ve accepted an offer and are in the process of selling, but that the sale is not yet completed. Line up backup offers to hedge your risk.

Closing 104
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What Does Contingent Mean in Real Estate Sales

Realty Biz

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. One of the standard contingencies in nearly all real estate contracts is delivering a clear title.