What is Contingent vs. Pending?
“Contingent” means a seller has accepted an offer but key conditions (like inspection, appraisal, or loan) still need to be met, while “pending” means those contingencies are cleared and the sale is moving to closing. A contingent deal is more likely to fall through than a pending one. Listings often show these statuses to signal where a sale stands.
Example: A home goes “contingent” once an offer is accepted, then flips to “pending” after the buyer removes their inspection and loan contingencies.