Contingent vs. Under Contract: What Do These Terms Mean?
Marco Santarelli
APRIL 15, 2023
When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.” While there is still a chance that a property with a pending status can return to the market due to an inspection, appraisal, or financing issue, the chances are lower at this stage.
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