Definition of Pending – Taking Backups. After a seller has accepted a buyer’s offer, the deal may run into a snag; for instance, the buyer may have trouble qualifying.
Now, the seller is taking backup offers in case their deal falls through. Pending – Short Sale. The accepted offer is a short sale and must be approved by additional.
Mar 13, 2017 – Even though a sale is highly likely, some pending properties may still accept backups. If your offer is accepted as a backup, you’re in line to go.
Dec 17, 2019 – Terms such as “pending” or “contingent,” commonly seen in online listings, may be familiar. Other reasons sellers will accept backup offers.
Negotiating when sellers have accepted an offer on the home you want. one problem, though: your agent says the seller will only accept a backup offer.
The seller is still taking back-up offers for the first offer. Pending—Release/Continue to Show. An offer has been accepted, and contingencies have been met, but.
Pending – taking backups – Means that an offer is pending but the seller is accepting backup offers in case the deal falls through. Submit an offer at your own risk.
It’s not a done deal until signed by all parties, and the home is still available until both sides sign a contract. A backup offer will try to trump the first.
Pending means that the offer has been accepted and both parties are moving forward with the sale. offers. If the home status states “pending” or a non-backup contingency, it’.