sale pending

sale pending

A term used by real estate brokers to indicate that a contract has been signed but not yet proceeded to closing.

References in periodicals archive ?
The final property remains under contract for sale pending the satisfaction of certain closing conditions.
"They have been in storage for some time and are no longer needed, but following concerns being raised they have been taken off sale pending further checks."
Houston, the Second Department stayed a foreclosure sale pending a determination on his application for a residential mortgage modification pursuant to the federal Home Affordable Mortgage Program (HAMP).
Chelan St., Wenatchee, confirmed he has a sale pending on the .25-acre property.
Frederick Wetzel III, the Little Rock attorney representing Bank of the Little Rock, said there's a foreclosure sale pending on the property.
He says he does have a sale pending for the nine restaurants, although it is "very preliminary" now.