On Zillow listings, the terms "pending" and "contingent" represent different stages in the home buying process.
- Pending: When a listing is marked as "pending" on Zillow, it means that the seller has accepted an offer from a buyer. The property is likely in the process of undergoing inspections, appraisals, and other necessary procedures before the sale is finalized. However, there is still a chance that the deal might fall through.
- Contingent: When a listing is marked as "contingent" on Zillow, it means that an offer has been accepted by the seller, but certain conditions or contingencies need to be met before the sale can move forward. These conditions can vary and may include factors such as home inspections, financing approval, or the sale of the buyer's current home. Until these contingencies are satisfied, the property remains in the contingent status.
In summary, "pending" indicates a more advanced stage in the process where the sale is pending completion, while "contingent" signals that there are still conditions or contingencies that need to be met before the sale can proceed.