What does PN, PS, and PR mean??
April 30th, 2008
When you are cruzin’ though the MLS you have probably seen the different pending icons. What do these mean…..
PR- Pending Continue to Show with Release Clause ……. Offer accepted, subject to release clause
PS- Pending Continue to Show Seeking Backups…… Offer accepted but backup offers welcome
PN- Pending Do Not Show…….. Offer accepted and expected to close
What do these mean to you?
PN - you are out of luck!!
PR - there is variable in the contract or with the seller that could possibly bring this home out of the contract.
PS - your offer will not be the one accepted. If for some reason the offer that was accepted can not complete or backs out then yours can be the next offer in line.
With the short sales on the market there could be a possibility that even though the status has changed to PR or PS the listing agent will still take your offer for the bank to review. The bank will choose the offer that they decide is best.
If you would like to learn more information or have additional question please feel free to contact me directly.
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on Wednesday, April 30th, 2008 at 2:02 pm and is filed under Buyers, General.
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