What Do Sale Pending Mean?

Pronunciation

/ˈseɪl ˈpɛndɪŋ/ 🔊

Part of Speech

Phrase

Definition

A term used in real estate to indicate that a property is under contract, but the sale has not yet been finalized, and the transaction is still pending.

Examples

• The house is listed as what do sale pending mean, so we’ll have to wait to see if the deal goes through.
• The agent marked the property as what do sale pending mean after receiving an offer from a potential buyer.

Synonyms

• Under contract
• Pending sale

Antonyms

• Active listing
• Available

Additional Information

When a property is marked as what do sale pending mean, it means that the seller has accepted an offer from a buyer, but the sale is not yet complete. This can take several weeks or even months, depending on the terms of the contract and the complexity of the transaction. During this time, the seller may continue to show the property to other potential buyers, but they are obligated to sell to the buyer who made the accepted offer.

In real estate, it’s essential to understand the difference between what do sale pending mean and an active listing. An active listing is a property that is currently on the market and available for sale, whereas what do sale pending mean indicates that the property is under contract and no longer available for sale.

Etymology

The term “sale pending” originated in the real estate industry to provide a clear status for properties that are under contract but not yet sold.

Usage Notes

When using the term what do sale pending mean, it’s essential to understand the context and the stage of the transaction. In real estate, it’s crucial to accurately represent the status of a property to avoid confusion or misrepresentation.

Cultural References

The term what do sale pending mean has been featured in various real estate television shows and movies, highlighting the importance of understanding the status of a property in the buying and selling process.

Idiomatic Expressions or Phrases

None

Related Words or Phrases

Under contract, pending sale, active listing, available

Collocations

Property is what do sale pending mean, house is what do sale pending mean, real estate what do sale pending mean

Frequency of Use

The term what do sale pending mean is commonly used in the real estate industry, particularly in online listings and property descriptions.

Common Misspellings

• What does sale pending mean
• Sale pendening