South of the Village

29 Irvine Road, guide price $4.299 million, pending after 7 days. When a house goes “pending” in this short number of days as opposed to “under contract”, it means that all contingencies have been met. In this market, it means that the only offers coming in (or being accepted, anyway), have no contingencies: not mortgage, house inspection or approval from parents. You can sometimes get permission to ge an inspector inside, but any problems he finds and reports are for your use only; you can’t withdraw for the contract (without penalty), and the sellers are under no obligation to adjust the price. In fact, right now, with 10 buyers for every house, they have no reason to.