Decoding the pending status on zillow: a homebuyer’s guide
Navigating the complexities of the property market can sometimes feel overwhelming, especially when you encounter unfamiliar terms and concepts. One such term you may come across while browsing Zillow is “pending.” In this article, we’ll demystify the pending status on Zillow and provide helpful tips for working with pending properties as a homebuyer.
What is Zillow?
Zillow is a leading online real estate marketplace that connects buyers, sellers, and renters with comprehensive property listings, tools, and resources. With the vast wealth of information available, Zillow empowers users to make informed decisions in their property searches and transactions.
What Does Pending Mean on Zillow?
On Zillow, the term “pending” refers to a property whose seller has accepted an offer from a prospective buyer, but the transaction is not yet complete. In essence, a pending property is in the final stages before ownership is transferred.
It’s important to note that a pending status doesn’t mean the property is off the market entirely. There’s still a chance that the sale might not go through due to contingencies, financing issues, or other unforeseen circumstances. As a result, pending properties may still be worth keeping an eye on.
Benefits of Using Zillow
Zillow offers several advantages to property buyers, including:
1. Comprehensive property listings: Browse an extensive selection of properties, including those with a pending status, to gain insights into market trends and neighborhood patterns.
2. Easy-to-use search tools: Filter your search by location, price, property type, and other features to find the perfect match for your needs.
3. Useful resources: Gain access to a wealth of articles, guides, and expert advice on all aspects of the property buying process.
How to Search for Pending Properties on Zillow
To search for pending properties on Zillow, follow these simple steps:
1. Visit Zillow’s homepage and enter your desired location in the search bar.
2. Select the “Listing Type” filter and click on “More.”
3. Check the box next to “Pending & Under Contract” to include pending properties in your search results.
4. Browse the search results to find properties that match your criteria and interests.
Tips for Working with Pending Properties on Zillow
When considering pending properties on Zillow, keep these helpful tips in mind:
1. Stay alert: Keep an eye on pending properties that interest you, as the sale might not be finalized and could return to the active market.
2. Reach out to an agent: Consult with a real estate agent who can provide insights into the pending property’s situation and guide you on the best course of action.
3. Be prepared: If you’re interested in a pending property, have your finances and other documentation in order to act quickly should the home become available again.
In conclusion, understanding the pending status on Zillow can provide valuable information for homebuyers, helping them make better-informed decisions. By following our tips and making use of the tools and resources available on Zillow, you can navigate the property market with confidence and find your dream home.
