Under Contract PS Meaning
In real estate, “Under Contract PS” usually refers to a property that is Under Contract with a Pending Sale. Read on to learn more.
🔹 “Under Contract” Meaning:
This means that a buyer and seller have signed a purchase agreement, but the sale is not yet final. The property is no longer actively being marketed (in most cases), but several steps still need to be completed before closing.
🔹 “PS” – What Does It Mean?
PS typically stands for Pending Sale (sometimes also referred to as Pending Status). This implies that the deal is far along in the transaction process, often:
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The buyer has completed inspections.
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Appraisal has been done or scheduled.
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Financing is in place or nearly finalized.
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Closing is imminent.
So “Under Contract PS” means the home is under contract and approaching closing, with contingencies likely removed or nearly satisfied. This means the buyer and seller have signed a purchase agreement, but the sale isn’t final yet. The property is generally no longer being actively marketed, but several important steps still need to occur before closing. In short, “Under Contract PS” means the transaction is close to finalizing, with most contingencies likely cleared or nearly so.
🧾 Other Terms You Might See:
| Term | Meaning |
|---|---|
| Active | Still for sale. No accepted offers. |
| Contingent | Under contract, but some conditions (financing, inspection) must still be met. |
| Pending | Contingencies have been met; sale is close to final. |
| Under Contract PS | In Pending Sale stage—deal is close to closing. |
đź“Ś Why This Matters:
Whether you’re buying or selling, “Under Contract PS” signals that the home is nearly sold—but it’s not guaranteed. Issues with financing, title, or last-minute changes could still cause the deal to fall through.
What Is The Under Contract Process?
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