Difference Between Contingent and Pending in Real Estate
When buying or selling a home there is often lingo that is used that you might not be quite sure of the meaning. Unfortunately, at times these terms are essential to understand. One such example is when you are looking at properties online and see two specific terms called “pending” and “contingent”.
Depending on where you are located these two terms can have quite different meanings. When you are a buyer or seller it is important that you don’t underestimate the significance.
In the article at Maximum Real Estate Exposure, you will see a detailed accounting of the difference between a pending and contingent sale. When you are selling the way your real estate agents “marks” your home in the multiple listing service after accepting an offer can have significant consequences. In the resource you will see exactly what you need to know so you can make an informed decision.
Take a look and if you have any questions reach out for the answers. If you know someone who will be selling that could be helped by the info, pass it along.