I must agree with Chris from Burlingame, please see the definitions below.
Status Abbreviation Definition;
Active (A) Valid listing contract exists and no offer accepted.
Pending with Release, continue to show (PR) Accepted offer on the property â€“ a release, â€œescapeâ€ or â€œkick-outâ€ clause exists in a purchase contract that allows one party to withdraw under certain circumstances. This status may also be used to indicate the property is a Short Sale with an accepted offer.
Pending without Release, continue to show (PS) Accepted offer on the property, still showing to prospective buyers for offers in back-up position to the first accepted offer.
Pending Do Not Show (PN) Accepted offer on the property. No additional showings to solicit buyers.
Sold (S) The Final Sale has occurred.
With about 30% of the ratified offers falling out of contract please don't hesitate to put an offer on this property if it's something worth waiting for. In the Backup possession you can still shop the Market but remember to cancel your first contract before writing a second one!
Always the Best,
Best of Luck,
Century 21 Tenace
Although sometimes agents/brokers post pending status when contingencies remain, strictly speaking it means that an offer was accepted and all contingencies have been removed. In this case it is unlikely that this property will become available again because under normal circumstances the buyers would lose their deposit if they didn't close the deal.
Lance King/Owner-Managing Broker