Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As a form of entertainment I like to keep a close look at the real estate inventory in my area. Properties are listed, then go under contract/pending and eventually are sold and removed from the inventory. Normal.
But there are two properties that have been listed as "pending" for quite a long time. One property has been "pending" since late spring, so about 5-6 months now, and the other property has been "pending" for well over a year now.
Perhaps a realtor can explain why a property could be "pending" for a very long period?
True that. We have several repeat offenders in my area. Can't be bothered to update their listings or maybe it could be to continue to get inquiries from buyers.
The new house next to us was 'Pending' for almost a year. It finally closed about a month ago. It was contingent on the buyers selling their existing home, which was contingent on the buyer selling their home which was contingent on them selling their home (I lost track of the chain there). As I understand it once the first home in the chain sold they all closed in a couple days! I know the last two in the chain closed on the same morning.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
