@Matthew Clark, when an offer is accepted, the listing is set to Pending, to give time for buyer to close and secure the funding to purchase.

No lawsuits pending or anything, just protecting for the future. 

@Max Vishnev That's why Im still negotiating with seller, house is in great condition (still pending inspection for details of course) and great for a house hack and as you said long term buy and hold.

She spent too much (to my eyes [but I was going to do the work myself and not hire it out]) but still made 20k on the pending sale. 

We are one month in and closed on one property and are pending close on a second.

Pending is just that, and sometimes the other buyer agents have moved on so there's always the possibility of getting lucky. 

It's wild, I'll favorite 4-5 new listings at night and the following morning they're already pending.

My concern is that the current owner has a pending lawsuit with his insurance company regarding the repairs.

It’s remarkable that the Austin metro’s pricing is nearly 40% higher than it was last year:Despite the incredible YoY increase in prices, the decline in closed and pending sales compared to this time last year suggest, in light of the previous month’s numbers, that the market has found a stabilization point and may be reverting to its more predictable seasonal behavior.

How long did anyone stay in pending before it says paid I changed to pending today