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Both Contingent in Real Estate and pending mean that a property is under contract, but they are different in terms of stage and certainty. A contingent property is one that requires conditions to be fulfilled prior to closing. Conversely, a pending property is one that has usually passed all the contingencies and is nearer to completion of the sale process. Contingent deals may collapse but pending deals have higher chances of successfully closing. Knowing this difference assists buyers and sellers to monitor the progress and gauge the level of security and sophistication of a transaction.