What it means when a listing says ‘Contingent’

Contingent means the seller of the home has accepted an offer—one that comes with one or more contingencies or conditions that must be met before the sale can go through. The listing is still technically active until the contingency has been met. The status switches to pending when the offer has been accepted, and all that’s left is the final paperwork and closing.

Some reasons why a property might have the the Contingent status:

The home hasn’t yet passed inspection.
The buyer hasn’t yet secured financing.
The deal hinges upon the buyer first selling their existing home.

source: thebalance.com

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