Sale pending is typically the same thing as in-contract on many public facing real estate search websites such as Zillow as we’ve discussed in the previous section.
However, keep in mind that “under contract” is a rather ambiguous term and can be construed to mean either “in-contract” or that a contract has been sent out and is being negotiated, but hasn’t been signed yet.
If “under contract” is understood to mean “in-contract,” then “under contract” is equivalent to “sale pending” on most public search websites.
However, if the term under contract is construed to mean simply that a contract has been issued but not signed yet, then the term under contract is very different vs sale pending. In this case, under contract is more similar to an accepted offer vs sale pending, which typically means a listing is in-contract already.