When a home is "For Sale", it's just that-for sale.  In reality though, there are many terms that are associated with a home for sale that can mean very different things about the status of the home.  It's very likely that at some point your Real Estate Agent may mention one of the following terms or you will see them on a real estate website and you will not know what they mean.  So, let's take a look at some of the statuses and define them for you.