{"id":49422,"date":"2021-03-21T15:08:57","date_gmt":"2021-03-21T22:08:57","guid":{"rendered":"https:\/\/www.movoto.com\/blog\/?p=49422"},"modified":"2022-04-19T22:57:41","modified_gmt":"2022-04-20T05:57:41","slug":"what-does-pending-continue-to-show-mean","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/what-does-pending-continue-to-show-mean\/","title":{"rendered":"What does \u201cpending continue to show\u201d mean?"},"content":{"rendered":"

You\u2019ve probably experienced the heartbreak of finding a house you love only to see that it\u2019s pending. But what does it mean if its status is “pending continue to show?” Did you miss your chance?
\nHouses go through many status changes during the course of a real estate transaction<\/a>\u2014some are more ambiguous than others. For example, \u201cfor sale,\u201d \u201cin contract,\u201d and \u201csold\u201d are pretty self-explanatory, but what does \u201cpending,\u201d \u201coption pending,\u201d and \u201cpending continue to show\u201d mean?
\nThese different pending states are important to understand whether you\u2019re looking to buy a home<\/a> or sell a home<\/a>. Here are the basics about what some of these confusing listing statuses really mean.<\/p>\n

What does \u201cpending continue to show\u201d mean?<\/h2>\n

\u201cPending continue to show\u201d means that the seller wants to continue to show the house to other buyers in case the current contract falls through. During this time, the seller will still encourage\u2014and even sign onto\u2014backup offers<\/a> for the property.
\nChoosing to allow showings and backup offers does not mean that the seller can renege on their current purchase agreement. They can simply accept backups in case the current contract doesn\u2019t close.<\/p>\n

What are the differences between the \u201cpending,\u201d \u201cpending continue to show,\u201d and \u201coption pending\u201d statuses?<\/h2>\n

Understanding the selling process helps to distinguish between these different stages. The option stage is the first step after a seller accepts an offer<\/a>. The buyer and seller have an initial signed contract and the buyer has agreed to pay an amount upfront as a good faith gesture that will be credited to the down payment due at closing<\/a>.
\nThis option fee is usually 0.1 percent of the final sale price. This fee essentially pays for the buyer\u2019s right to enter the property, conduct inspections<\/a>, create a contingency list<\/a>, and cancel the contract for any reason within the (usually 7- to 10-day) option period without forfeiting their earnest money deposit.
\n\"What
\nIf the seller refuses to meet the contingencies, they may back out of the agreement and go to the next buyer offer. If the buyer backs out, they will usually forfeit the option money and any money they paid for a home inspection.
\nIf the buyer and the seller both decide to move forward after the option period, the seller can change the listing status to \u201cpending\u201d or \u201cpending continue to show.\u201d
\n\u201cPending\u201d means that the seller is confident the sale will close and does not want to show the property to any other buyers at all. \u201cPending continue to show\u201d means that the seller is moving forward with the current buyer in good faith. However, the property will continue to show through the listing agent and take backup offers.
\nOnce the transaction has moved out of the option period, the buyer can\u2019t back out without a very good reason or they will forfeit their earnest money deposit. At this phase, usually the only valid reason a deal will fall through is the appraisal<\/a> price comes in much lower than offer price. In this instance, there is usually a contingency in the contract that the seller cannot hold onto the earnest money deposit, unless the buyer has agreed to pay appraisal gap coverage.<\/p>\n

Why would a seller decide to take the sale through \u201cpending continue to show\u201d instead of \u201cpending?\u201d<\/h2>\n

\u201cPending continue to show\u201d sounds like a less committal position and this may scare the buyer. However, there are many reasons for a seller to choose the \u201cpending continue to show\u201d status over the \u201cpending\u201d status:<\/p>\n