A contingent listing has an accepted offer but unresolved conditions like financing or inspection. A pending listing has removed most contingencies and is closer to closing. Both mean the home is under contract, but pending is further along.
One word can make a big difference when you're looking at home listings. If a home is marked as contingent, it means the seller has accepted an offer, but there are still a few conditions that need to be met. That could be financing, the home inspection, or the appraisal. If it's marked as pending, that means most, or sometimes all, of those contingencies have already been removed, and the sale is moving toward closing. So while both homes are under contract, a pending sale is usually further along in the process. Thinking about buying a home? Message us today, and let's help you get one step closer to owning one.
