what does the status of a listing mean: Pending with Release - what does it mean?
- 02/22/11 02:50 PM
What does "Pending with Release" mean?
My buyer asked me yesterday what "Pending with Release" means and I realized that the average buyer may be confused by the different terms.
Let me explain the property status codes with you:
ACTIVE: When a property is first listed the code is ACTIVE and available for sale.
PENDING with RELEASE: When a buyer places an offer on a property which is then accepted the listing changes from Active to Pending Release (PR) which means that the property is sold contingent on the sale of another property. My buyers didn't have to sell a home … (5 comments)
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What does "Pending with Release" mean?
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