PENDING SHORT SALES in PG County, MD?? WHAT DOES THAT MEAN??
By Lenn Harley, Real Estate Broker - Virginia & Maryland
(Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate)
"PENDING" What does that mean? Each time I read about or hear a talking head speak about the national statistics for PENDING real estate sales, I ask (of no one in particular), "What does PENDING mean"?? The MLS for my market area has no category known as "PENDING". We do, however, have "CONTRACT". What does "Pending" mean when the number includes Short Sales?? CONTRACT means that there is a ratified Contract of Sale and all contingencies have been satisfied with the exception of the financing contingency, which survives until the date for a loan commitment or earlier if possible. Consider the following statistics and let me know if you understand how the status PENDING fits. Prince George's County, MD as of 8:00 a.m. July 28, 2012. ACTIVE listings of homes for sale - 2191ACTIVE Sho...
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