and how close are you to actually closing? during the time your home is pending, a lot of things happen, including the buyer and seller working together with their real estate agents to clear any contingencies. if you see the word “contingent” on your listing, it means that your buyer is working through any contingencies that were a part of their offer — like a financing contingency, home inspection contingency, or buyer home sale contingency. once a potential home buyer finds a home they love, they’ll typically order an inspection of the property to make sure everything is in good working order. a buyer’s lender won’t finance a home for more than the appraised amount, so the buyer will have to pay the difference in cash, the seller will have to come down on price, or the buyer can walk away. one of the most common reasons a transaction falls out of escrow is that the buyer’s financing falls through.