Pending/Under Contract Properties on the Market

[Ismael Candelario]

Hello all. I hope you are doing well and in good health. So I just got done driving for dollars, looking for potential properties and just seeing what's out on the market right now. I noticed a few of the homes listed were Pending/Under Contract. What is the meaning behind these terms? Can you still make an offer on the house when it's pending. Or what can you do, if anything? I would assume when the property is under contract, it is in the process of finalizing the sale. Please correct if I am wrong. And if you have any information that may be useful to me, please share! Thanks.