Properties in Edmonton are now showing "Pending"
What does pending mean?
There are recent changes to Realtor.ca when a seller accept an offer. A pending property means that the seller has accepted a conditional offer. This does not mean it is sold. It is subject to conditions, usually financing and inspection.
Can I still see a pending property?
Yes and no. This depends on the seller. The seller makes the desicion whether or not they still want thier property shown. Personally, if I was selling my house, I would encourage showings during the pending time frame due to the fact, that a large number of pending properties fall apart due to varies reasons.
Can I still to write an offer on the pending property?
Yes. You can still write offers on pending properties in the provonce of Alberta. If the seller chooses to accept your offer, it will go into second place position and await the time frame pending status of the first offer. Your accepted offer to purchase is known as a "back-up" offer. If offer number one is unable to remove thier contingencies within the alotted time frame, your offer automatically goes into first place.
Contact us if you would like to write a back-up or have questions on pending offers.
