Real Estate Terminology: Contingent, Pending, Under Contract, and More
Windemere Selling
NOVEMBER 30, 2022
Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. Both parties agree on a closing date and see the deal through to its completion. What does contingent mean in real estate?
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