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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” One of the most confusing things for buyers and sellers to understand is what contingent means vs. pending. Contingent vs. Pending? Appraisal Contingencies.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

If these contingencies aren’t met, the buyer can walk away from the deal. They will also get their earnest money deposit back , and the home will go back on the market. The home could be subject to a few different types of contingency. Home Inspection Contingency.

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What Is a Home Sale Contingency?

HomeLight

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Offer a larger earnest money deposit. Money talks!