CC&Rs are legally binding agreements to maintain your property according to the community standards.

Their purpose is to maintain home values and help the appearance of the neighborhood.

 
 

Pending in real estate means, there is a contract on the house. In some areas contingencies still need to be met.

In other areas, agents won’t mark a house pending until after those are met, and the only the banks, lawyers, and/or title companies are processing paperwork for the closing.

Most houses marked pending do close.

 
 
 
 
 
 

Rea estate contracts have clauses that allow both buyers and sellers to back out for good reasons.

Cancelling after the offer is accepted but while the attorneys are still reviewing is acceptable. Other reasons to back out are home inspection issues and the property not appraising for the sale price.