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Contingent vs. Pending in Real Estate: What's the Difference?

Here's the difference between a property that's contingent and one that's pending.


[Updated: Aug 18, 2021 ] Sep 30, 2020 by Tara Mastroeni

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Contingent listings Pending listings
The buyer is still waiting to secure financing The buyer and seller have reached an agreement, but the seller can still technically show the home and accept other offers
The buyer is waiting for an appraisal The buyer and seller have reached an agreement, but the buyer is waiting for the mortgage lender to approve the deal
The property has not yet gone through an inspection
The buyer needs to sell their current home to afford their new home

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