difference between option pending and option and continue to show
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About 8 years ago
OP-Option Pending means the contract is in an option period and the buyer has the unrestricted right to terminate. This is usually 7-10 days. The seller has no right to terminate the contract during this period...only the buyer.
PS-Pending Continue to Show means it is under contract but the seller is still allowing showings for back-up. It does not mean that the contract is any less solid than a property listed as 'Pending'.
P-Pending is under contract but not encouraging back-up showings.
All are under contract and could only accept a back-up offer.
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#1 Awarded – Best AnswerAbout 8 years ago
Hi Mary,
Option pending and option are the same status. This is the period of time after a contract is signed and the buyer is able to conduct inspections. If for any reason the buyer does not want to proceed with the purchase of the home they may terminate the contract during the option period. Pending and Pending Continue to Show are similar status. The only difference is that Pending Continue to Show allows other potential buyers to view the home.
I hope this was helpful!
Dori Lacamu
Broker Associate
Keller Williams Metropolitan
281-788-0495
DoriLacamu@kw.com
About 8 years ago
Hi Mary, when a home is listed as option pending the seller has accepted an offer and is within a specific time period where the buyer has the option to back out. I would equate an option to putting a "hold" on the property. If it is listed as pending continue to show, the seller has accepted a contract and is outside of the specific option period but chooses to continue to show the property to prospective buyers in the event that the current contract falls through.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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