Pending and Contingent are terms used to describe the status of a real estate offer. Pending typically means that an offer has been accepted by the seller and the buyer is in the process of completing all the necessary paperwork and inspections to move forward with the purchase. Contingent typically means that an offer has been accepted by the seller, but that the sale is contingent on certain conditions being met, such as the buyer obtaining a mortgage or a satisfactory home inspection. Once the contingencies are met, the offer will become pending.
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