There is no official status for the in-between period between verbally agreeing to terms and receiving the executed contract. Agents will put "offer accepted waiting on signatures" to help keep buyers and agents informed to prevent from wasted time. If you ever see this phrase, most likely the property is no longer available to purchase and you should have your agent call the listing agent if needed. For future reference, when properties are listed as "contingent", they are under contract, but the listing agent/seller is still allowing showing. Properties listed as "pending" are under contract, but the listing agent/seller are not allowing showings. I specialize in the 27609, 612, 613, and 615 zip codes and monitor the market closely. If you let me know what you are looking for, I can make sure you I let you know when a really good property hits the market. I am also familiar with several for sale by owner that may work for you too.