If a house for sale goes sale pending then withdrawn; does that mean the buyer backed out or seller backed out

Answer 1

It could be for a variety of reasons. Usually when an offer is made on a house, there are contengencies placed on the offer. This can range from loan approval to sale of another house. The buyer also has a period of discovery where the home will be appraised and inspected. If the buyer finds something during that time period that they are not comfortable with, they will either re-negotiate or pull out their offer. Unfortunately, most of this process is often protected by confidentiallity agreements, so no one has to tell you anything. If this is a house you're interested in, discuss making an offer with your agent, then get a home inspection. Any qualified inspector will be able to identify major issues with the home that would prevent it from being a sound investment.

Answer 2

Seller could of had disagreement with buyer over something ,say repairs or loan fell through.If it was a mutual Withdrawl,the buy will get his or her deposit back.Generally withdrawn means the seller has taken the property off sale.

Answer 3

Can be either, but if it is now withdrawn, I would think the seller no longer wants to sell - unless they are re-entering it as a new listing. But normally they would just change it back to active.
Maybe something came up in the inspections that the seller must fix before selling.

Answer 4

It could be either party that backed out but usually it is the potential buyer that backs out.

Answer 5

generally the deal fell thru and it's most likely because of the potential buyer. sometimes loans don't get approved, etc.

Answer 6

sure, reckoning on the atheist. a lifeless ringer for an atheist can bypass to a special faith. Or Christians can change into atheist and stay atheist. Or Christians can bypass to different religions.