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Aug 21, 2024 · The primary difference between a contingent versus pending status on a real estate listing is that a contingency indicates the sale is conditional upon certain factors, while pending indicates all contingencies have been met, and the sale is moving towards closing.
Aug 13, 2024 · A contingent property is under contract, but certain conditions, known as contingencies, must be met before the home can be sold. A pending property is one that has an accepted offer, and all...
When a property is marked as pending, an offer has been accepted by the seller and all contingencies have been satisfactorily addressed or waived. Pending deals are no longer considered active listings. A home will remain in the pending state until all legal work has been processed.
Mar 8, 2024 · What Is The Difference Between Pending And Contingent? A property listed as contingent means the seller has accepted an offer, but they’ve chosen to keep the listing active in case certain contingencies aren’t met by the prospective buyer.
Jan 18, 2023 · What’s the Difference Between Contingent and Pending? If you’ve put in an offer on a home and the status is now contingent, the seller has accepted the offer, but certain conditions must be...
Apr 14, 2023 · The Bottom Line of Contingent vs. Pending. Contingent and pending both mean that an offer has been accepted on the listing, and the listing is under contract. The difference is that contingent listings still need to meet one or more specific conditions before moving forward.
Oct 13, 2020 · As far as real estate contracts go, there’s a big difference between contingent vs. pending. We’ll break down the nitty-gritty definitions in just a moment, but let’s first back up and clarify why it matters.
Feb 23, 2023 · What's the difference between contingent vs. pending? The difference between a property in contingent vs. pending status is that in a pending agreement, the sale is final, the home is already under contract with another buyer, and all the terms have been met.
Aug 30, 2022 · “Contingent” and “pending” signal the status of a listed home — specifically, how close it is to being sold. These terms typically indicate that an offer has been made and the property is...
Mar 18, 2024 · Generally, contingent periods are longer than pending periods, as they involve the resolution of contingencies before progressing to the pending stage. Understanding the disparities between contingent and pending statuses is crucial for anyone involved in real estate transactions.
