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A pending status means there has been an offer accepted on the home and the buyer is in the process of working with a lender to finance the property. An option pending status means the buyer is in the proces of having the home inspected and can still change their mind on purchasing the home.
The following home price negotiation strategies can help you reach an agreement with the seller. A purchase offer is a written contract which you sign and submit to the seller. It is accompanied by a certain amount of âearnest moneyâ (a small good faith deposit to show you are serious about buying the home). The written purchase offer indicates the amount you are willing to give the seller for his or her property.