A pending home listing is a listing where the seller has accepted a contract from a buyer to purchase the home and is now awaiting closing. Real estate contracts are binding on both parties, so a pending listing is generally not available for purchase by another buyer unless the previous buyer backs out of the transaction.

Here are the common pending statuses used in the Seattle area by the Northwest MLS:

  • Pending Inspection – Contract from buyer has been accepted. The seller is awaiting satisfaction of the buyer’s inspection contingency.
  • Pending Backup Requested – Contract from buyer has been accepted, but seller is encouraging other buyers to submit a backup offer in case the first buyer doesn’t complete the transaction.
  • Pending Feasibility – Contract from buyer has been accepted. The seller is awaiting satisfaction of the buyer’s feasibility study. Similar to Pending Inspection, but most frequently used for land purchases that include lengthy and detailed feasibility studies.
  • Pending Short Sale – Contract from buyer has been accepted. The seller is awaiting short sale approval from their lienholders.
  • Pending – Contract from buyer has been accepted. The inspection contingency has been satisfied and the transaction is proceeding towards closing.