Saturday, July 10, 2010

What does it mean in realestate terms when you look at the Status of a property for sale and it reads P/RES?

PENDING / PRIVATE / PERSONAL RESIDENTIALWhat does it mean in realestate terms when you look at the Status of a property for sale and it reads P/RES?
Each state has different laws and regulations. I think it means pending/residentialWhat does it mean in realestate terms when you look at the Status of a property for sale and it reads P/RES?
I'm not directly familiar with that status, but if I had to guess I'd say it might be Pending / Residential.





Good luck.
Probably Pending - In Reservation





Someone has made an offer on the house but it is classified as Pending for any number of reasons, there is now a contract putting it in reservation

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