You’re looking at the house you love but the For Sale sign now says “pending” or “in escrow”. How do you know if you still have a chance of calling this your home? What are back up offers and are they worth your time?
Here’s a great article from Zillow helping you wade through these many names for homes that are almost off the market.
“Sale pending can mean a few different things, but generally it indicates that all contingencies have been removed, and the buyer is moving toward closing. A property with a deal on it may still be for sale.”
Source: What Does Sale Pending Mean?
Here are some other articles you may enjoy:
- Simplifying Mortgages with REX Home Loans
- Buying a Home with Student Loan Debt
- What You Need to Qualify for a Home Mortgage
- Uncovering The Fees Associated With Buying a Home
