Quote:
Originally Posted by Altavia
A pending sale in real estate simply means that the seller has received and accepted an offer on their home. However, the deal is not yet finalized — hence “pending” and not simply “sold.”
Suspect custom built homes that are under contract but several months away from closing could be in this "pending" category?
Contingent means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. I'm under the impression Villages does not agree to contingent contracts.
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New homes are closed on their date, (30days) or fines are compounded daily.
Pending for them mean if buyer chooses to back out developer keeps the down. There are zero contingencies.
Custom homes (designers & Premier) are never on the radar to the public, only the buyer. House never shows pending on any site. Only in sold columns.
Preowned can close as soon as ink dries (think days for cash) or as far out as multiple months, if the one year built is in the mix. Those showing pending as soon as agent decides when to post.