OP: Option Pending - The sellers have accepted a contract. This period is the time the buyers continue their due diligence and complete inspections. The buyer pays for this option period and in return has the unrestricted right to terminate at any time for any reason. Any repair amendments should also take place within this period. I watch properties very closely in the option period.. sometimes you see them go back active pretty quickly due to buyer change of heart.
PS: Pending continue to Show - For reasons determined by the seller, they have continued to show the home although a contract has been accepted and through the option period. Sellers may choose to keep showing the home if there is a contingency or while waiting for final financing approval as determined in the Third Party Financing Addendum.
P: Pending - Option period complete, contract is waiting to close. No showings will be allowed through CSS.
I'd be happy to check on a specific property you want more information on. Feel free to send it my way!
Darby Grimmett Keller Williams darby@darbygrimmett.com 936-827-9217
Hello Kay! It means that the seller has an offer that is either pending to confirm OR the home is under contract but other buyers can still "look" while the first buyer confirms (through inspections or other) if they will follow through with the purchase. A big percentage of these sales do go through after this pending period; so when working with buyers we try to avoid showing you these so as to avoid a buyer "falling in love" with a home that is already committed.
Pending Continue to Show Status means the property is already under a purchase contract by a buyer with the seller. The seller is still allowing real estate agents to show their home to potential buyers in case the current contract falls through.