What's the difference in Contingent and Pending?
You may notice a couple different "Status" names, the ones used in the Triangle Multiple Listing Service are Contingent and Pending.
Contingent: This status is used at the time of Contract Acceptance. Meaning once the checks are handed over to a Seller, it is official... the home stays in the Contingent status until Due Diligence has expired.
Pending: After 5:00 PM on the Due Diligence Date, the status is manually changed by the listing agent to Pending. This signifies that the Due Diligence Period has ended and is moving forward to Closing.