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What’s the difference between Pending or Contingent?

Each home listing has a status that’s updated by information that the listing agent feeds into the multiple listing service (MLS). A home listed contingent or pending is under contract, but there’s still a chance for you to buy it.

When a listing is contingent, the contract has contingencies to meet such as: financing, inspections and appraisal. When a listing is pending, the contract is closer to closing and has met the contingencies.

Your real estate agent can advise you about your chances. In a hot market with low inventory, shopping contingent or pending homes could be a great way to make offers with less competition.

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