122 Johnson Ave, Los Gatos is Under Contract

Posted on May 20, 2009 by cmiller 
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122 Johnson Avenue went sale pending yesterday. The house is coded to reflect that there are contingencies to that sale (Sale Pending But Show PS) That means that the buyer has a period of time to investigate the property before fully committing to the home. The opportunity for back up offers exists. If you are still interested in this home, just let me know.

For those of you not sure about the types of contingencies you read about when you look at the public web sites, there are three types of contingencies, 1) contingent on the sale of another home (coded PR on mlslistings.com), 2) contingent of investigation of some item (e.g. property inspection, successful loan appraisal or the like) (coded PS for Pending but OK to show) and 3) PN Pending No Show, all contingencies have been removed by the buyer.

There are a lot of acronyms in this business. Let me know if I can decifer any of them for you.
Your trusted Realtor,
Connie

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