Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers
HomeLight
JULY 6, 2023
Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan. Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. In other words, “pending” is the next step after “contingent.”
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