What Does It Mean When A House Is Pending Continue To Show?

When it comes to buying or selling a house, the term “pending continue to show” can be confusing. It typically means that a property is under contract, but the seller is still allowing showings and considering backup offers. This can be a complex situation, so it’s important for both buyers and sellers to understand what it means and how it can impact the sale process.

Why Would a Seller Choose to Allow Showings on a Pending Property?

There are several reasons why a seller might choose to continue showing a property that is already under contract. One common reason is that the seller wants to keep their options open in case the current deal falls through. By allowing showings and considering backup offers, the seller can have a backup plan in place if the initial contract falls through.

Another reason a seller might choose to continue showings is to build up interest and create a sense of urgency among potential buyers. By keeping the property active and allowing showings, the seller can generate more interest and potentially receive better offers.

What Does It Mean for Buyers?

For buyers, a house that is pending continue to show means that there is still a chance they could make an offer and potentially purchase the property. However, it’s important to understand that the current contract takes precedence, and any backup offers would only come into play if the initial deal falls through.

Buyers who are interested in a pending continue to show property should work closely with their real estate agent to understand the current situation and determine the best course of action. It’s also important for buyers to be prepared to act quickly if they decide to make a backup offer.

What Does It Mean for Sellers?

For sellers, allowing showings on a pending property can be a strategic decision. By keeping the property active and allowing showings, sellers can potentially generate more interest and receive better offers. It also gives them a backup plan in case the initial contract falls through.

However, it’s important for sellers to manage their expectations and understand that the current contract takes precedence. They should also be prepared to communicate with potential buyers and their agents about the status of the property and any backup offers that may be considered.

How Does It Impact the Sale Process?

Having a house pending continue to show can impact the sale process in a few ways. First, it can create a sense of urgency among potential buyers who may be interested in making a backup offer. This can lead to a quicker sale if the initial contract falls through.

Second, it can lead to increased interest and competition among potential buyers, potentially resulting in better offers for the seller. However, it’s important for sellers to carefully consider any backup offers and evaluate them against the current contract before making a decision.

What Should Buyers and Sellers Do?

Both buyers and sellers should work closely with their real estate agents to navigate the pending continue to show process. Buyers should be prepared to act quickly if they decide to make a backup offer, and sellers should carefully consider any backup offers they receive while honoring the terms of the current contract.

Open and honest communication is crucial during this process. Sellers should be transparent about the status of the property and any backup offers, and buyers should be clear about their intentions and any deadlines they may have.

In Conclusion

When a house is pending continue to show, it means that the property is under contract but the seller is allowing showings and considering backup offers. This can create a sense of urgency among potential buyers and give sellers a backup plan in case the initial contract falls through. Both buyers and sellers should work closely with their real estate agents to navigate this process and ensure a smooth sale.