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What is a Pending Offer

A home that is set to close and all contingencies have been waived. This is when the lender, the escrow agent or attorney will process the loan and title documents to make sure the deal will close on time. Sometimes, the sellers may still accept backup offers on pending listings, but it’s best to contact to your agent to find out if it’s possible to submit this type of offer. Learn the differences between contingent and pending.