Are you looking for a home in Perkasie? When a house in Bucks County shows up as “pending,” this means that an offer has been accepted by the seller, yet the sale isn’t quite complete yet. In other words, the house is in the last stages of the process of selling, but a few things remain to be done before closing.
Key Points About Pending Sales
- A pending sale typically lasts 30-60 days before closing.
- The home is no longer an active listing on the multiple listing service (MLS).
- Buyers and sellers are working through contingencies and finalizing paperwork.
Differences from Other Statuses
- Contingent: The sale is still active but has conditions that must be met.
- Under Contract: The offer is accepted, but negotiations may still be ongoing.
Can You Still Make an Offer?
While unlikely, it’s not impossible to make an offer on a pending home. Reach out to the listing agent to express interest and ask about backup offers. Be prepared with mortgage pre-approval and consider waiving contingencies to make your offer more appealing.
Why Pending Sales Fall Through
Common reasons include:
- Financing issues
- Inspection problems
- Buyer’s remorse
- Appraisal discrepancies
- What This Means for Buyers
If you’re interested in a pending property in Bucks County:
- Don’t give up hope entirely, but be realistic about your chances.
- Keep searching for other properties.
- Consider making a backup offer if you’re truly interested.
Are you planning on selling your home? Give Paul Gunter a call. Remember, a pending status doesn’t mean sold, but it does indicate that the property is very close to changing hands. Always consult with a local real estate professional like Paul Gunter for the most up-to-date information on pending properties in Bucks County. Contact Bucks County Real Estate for more information.
