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Updated about 10 years ago,

Nghi Le's profile image
Nghi Le's profile image
Nghi Le
  • Investor / Lender
  • from Seattle, WA
  • Member since Jun 28, 2014
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User Stats

1,185
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728
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Nghi Le's profile image
Nghi Le's profile image
Nghi Le
  • Investor / Lender
  • from Seattle, WA
  • Member since Jun 28, 2014
Connect
Nghi Le
  • Investor / Lender
  • Seattle, WA
728
Votes |
1,185
Posts
Real Estate Agent

MLS Pending Status

Nghi Le
  • Investor / Lender
  • Seattle, WA
Posted

When does a property normally get to "Pending status"?  Is it mutual acceptance and both parties sign the contract?  Or is it when the Inspection, Financing, and/or other contingencies are waived?  I'm not sure if there is a recognized standard for this, or if it's simply up to the realtor's/seller's discretion.  What are the advantages/disadvantages of either strategies?

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