Here are a couple of events going on within
the next few weeks to think about.
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All about active/pending
"Active" means a property is for sale, and the seller is seeking offers. "Pending" means the property is still technically for sale, but someone has made an offer. The transaction is considered pending until the buyer actually closes escrow.
That’s all straightforward, but what does it mean when the listing says "active/pending"? It usually means the seller would like to get more offers, says Denise Shur, a Realtor® with 1:1 Realty in San Jose, CA.A backup offer on a sale pending home is negotiated just like any other offer, with both parties agreeing on the price and terms. Then, if the primary offer falls through, the backup deal kicks in, saving the homeowner from having to start from scratch with another buyer.“Savvy agents want backup offers in place," Shur says.
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