You’re scrolling through Zillow, you find a house you love in Clarksville, and then you see it — “Under Contract.” Do you move on, or is there still a chance? And what’s the difference between that and “Pending,” which you saw on the listing down the street?
These two terms get used interchangeably, but they mean very different things. Understanding the distinction can save you time, stress, and possibly even help you land a home you thought was already gone.
What Does “Under Contract” Mean in Tennessee?
When a home is under contract, the seller has accepted an offer – but the deal isn’t done yet. The buyer and seller are still working through contingencies, which typically include a home inspection, mortgage approval, and appraisal.
Any one of those contingencies can cause the deal to fall through. In fact, it happens more often than most buyers realize.
On Tennessee MLS listings, you’ll often see this status listed as “Active Under Contract.” That word active matters — it signals that the seller may still be accepting backup offers while the primary deal works itself out.
What Does “Pending” Mean?
Pending means the contingencies have been cleared. The finish line is in sight, and the transaction is moving toward closing.
At this stage, the deal is far less likely to collapse. Most agents won’t schedule showings on pending homes, and backup offers are rarely entertained. If you see a listing marked pending, it’s best to set your sights elsewhere.
What Buyers Should Know
Don’t automatically write off a home that’s under contract. Ask your agent to reach out – if the primary deal falls through, you could be next in line with a backup offer already in place.
If you’re a military buyer on PCS orders, timeline is everything. Knowing exactly where a home sits in the process helps you plan around your report date rather than scrambling at the last minute.
What Sellers Should Know
Once you’re under contract, stay engaged and responsive. Slow replies to inspection requests or document deadlines can create doubt and give a buyer a reason to walk. You’re allowed to continue accepting backup offers while under contract – just make sure your purchase agreement and your real estate attorney are aligned on how that works.
Have Questions About a Tennessee Real Estate Transaction?
Whether you’re buying your first home in Clarksville, selling a property in Springfield, or trying to understand what you signed, Batson Nolan PLC is here to help. Our real estate attorneys review purchase agreements, assist with closings, and make sure your interests are protected every step of the way.
Contact us today to speak with a Tennessee real estate attorney.