From: Zillow Porchlight
By: Brendon DeSimone
Remember the big red “Pending” sticker you used to see across “For Sale” yard signs? Before the Internet and online listings, that sign was the consumer’s only indication that a home had a deal.
Today’s consumers discover the words “contingent” or “pending” online, and they don’t always know what it means.
Many buyers assume that “sale pending” means the property is no longer available. But that’s not always the case.