Option Pending vs Pending continue to show

Dependent on side of transaction a client, or customer, is on will stipulate the performance required. Listing for a Client: Option Pending - Seller has accepted buyer's terms to purchase an option period without continuing to show property to other potential buyers. In regard to TREC promulgated One to Four Residential Contract - Paragraph "5. EARNEST MONEY AND TERMINATION OPTION:" Buyer is the Client: Buyer has the option-time-period to opt out of the purchase agreement within specified time and terms. Pending Continue to show: Listing for a Client: Optimal for seller-client for potential back up offers, can be a form of protecting the seller's interest by maximizing days on the market - incase buyer backs out of the contract. Can also give a clearer geographic market report of demand for the property: if interest is high even in option period this can increase negotiating power/ protection with buyer (assuming you have backup offers). Buyer is the Client: Can be a stringent on negotiation if interest and demand is high for the property - as supply and demand play a factor. Although the property is Pending under the option period, the seller can continue to show the property in the open market to other potential buyers, increasing competition, and possibly lower negotiation power if higher back-up offers are received.

Option Pending: Buyer has submitted an offer, and the seller has accepted. Property is temporarily off the market. Pros: Buyer has the option to terminate the contract. Cons: Seller cannot accept other offers. Pending Continue to Show: Property is under contract, but still available for showings. Pros: Potential for backup offers and better terms. Cons: Buyer may feel less secure, as other buyers can still submit offers. MLS Rules & Regulations give clear definitions of each status.

The basic difference is the skepticism of the listing agent and whether or not the inspection has been completed and agreed upon. “Option pending” means the buyer can still back out for any reason and still have their earnest money returned (I think of it like putting the house on “hold”). “Pending continue to show” means that the deal isn’t 100% yet, but it’s a little harder for the buyer to back out and keep their earnest money (depending on the addendums you use). The continue to show just means that they are accepting back up offers and aren’t 100% sure the deal will go through.

When you make an offer on a property, you may encounter two different statuses that can impact your transaction: "Option Pending" and "Pending." It's important to understand the difference between these two statuses, so you can make informed decisions about your purchase. "Option Pending" means that the seller has accepted your offer, but you have a specified period of time to back out of the deal if any issues arise during the contingency period. This can include a home inspection or other due diligence. If you decide to move forward with the purchase after the contingency period, the status will change to "Pending." On the other hand, "Pending" means that the sale is in the final stages of closing. All contingencies have been resolved, and the deal is expected to go through as planned. However, there could still be some issues that arise, so it's important to stay informed and work closely with your real estate agent to ensure a smooth transaction.

In real estate, "Option Pending" and "Pending" are both statuses that indicate that a property is under contract but has not yet closed. However, there are some differences between these two statuses. "Option Pending" means that a buyer has made an offer on the property, and the seller has accepted it, but the transaction is still in the option period. During the option period, the buyer has the right to terminate the contract for any reason without losing their earnest money. The option period is typically a few days to a week, during which the buyer can have inspections and other due diligence performed. Once the option period expires, the status of the property may change to "Pending," which means that the sale is now in progress, and the buyer and seller are working towards closing the transaction. The pending status means that the property is under contract, and all contingencies have been satisfied, including any required repairs or financing conditions. In some cases, a property may remain in the "Option Pending" status even after the option period has expired, which can happen if the buyer and seller agree to extend the option period. However, in most cases, the status will change to "Pending" once the option period has expired, and the transaction is proceeding towards closing. In summary, "Option Pending" indicates that the property is under contract, but the transaction is still in the option period, while "Pending" means that the sale is in progress, and the transaction is moving towards closing. ***contact info*** Aziz Qwasme’ (281)818-1931 Zazahtx@gmail.com IG: zaza_living Zaza living llc

Option Pending is the time that the buyer has purchased to do inspections, see about getting repairs done or requested and just think about everything and deciding if you really want to buy this house. During this period you can back out without any penalties. Get all the answers to questions answered that will help you make a decision. After this point, and you want to back out, the seller can make you buy the property. As far as Option Pending continue to Show is allowing other possible buyers to see the house after Option Pending is over, just in case the deal falls through because of Financing etc. you will have back-up offers.

Option Pending - A buyer is under contract and more specifically under their "termination option period." A buyer could choose to pull out of contract during this period for ANY reason, and therefore it is often times thought to be the most fragile time period of a contract. Pending Continuing to show - Simply put, a Home is under contract and the seller wishes for showings to still continue as a just in case. However, this status is most typically used when a contract is contingent upon a buyer having to sell another home. In this instance another buyer may tour the home, make an acceptable offer and the seller could notify the current buyer under contract that they need to either waive their contingency or pull out of contract so that the other offer could be accepted by the seller. Under both statuses, the seller may still wish to and choose to continue showing the property, although buyer's agents and their clients may be less inclined to want to so that they don't waste their time. Please feel free to reach out via call, text, or email if you have any other questions! 346-412-6603 codysellsproperty@gmail.com

"Option pending" typically refers to a situation in which a buyer or seller of an option has yet to make a decision about whether or not to exercise the option. An option is a financial contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price and within a specific time frame. If the buyer decides to exercise the option, they must notify the seller, and the transaction is completed at the agreed-upon price. Until that decision is made, the option is considered to be "pending." On the other hand, "pending" generally refers to any situation where a decision or action is awaiting completion. It can be used in a variety of contexts, such as pending orders in e-commerce, pending lawsuits in legal matters, or pending approvals in administrative processes. In summary, "option pending" specifically refers to a situation in which an option buyer or seller has yet to decide whether to exercise the option, while "pending" is a more general term that describes any situation where an action or decision is yet to be completed.

Option Pending means that the seller has accepted an offer from a buyer, but the sale is not yet final. The buyer usually has a set amount of time, usually a few days, to perform due diligence, such as obtaining a home inspection, and to decide whether they want to proceed with the purchase. During this time, the property is still available to other buyers and can still be shown. Pros: The seller can potentially receive multiple offers and choose the best one. Other buyers can still view the property and potentially submit an offer. Cons: The process can be more time-consuming and complex for the seller, as they may have to manage multiple offers and negotiations. The buyer may not be fully committed to the purchase, and the seller may not be able to secure the sale. Pending - Continue to Show means that the seller has accepted an offer from a buyer, but the sale is not yet final, and the property is still being shown to other potential buyers. This status is typically used when the buyer and the seller have agreed to a contingency, such as the sale being contingent upon the sale of the buyer's current property. Pros: The property is still being marketed to other potential buyers, increasing the likelihood of a backup offer. The buyer is typically fully committed to the purchase. Cons: The process can be more time-consuming and complex for the seller, as they may have to manage multiple offers and negotiations. The sale may not be final, and the seller may not be able to secure the sale. In both cases, it's important for the seller and the buyer to have clear communication and to follow the terms of their agreement to minimize confusion and potential disputes. David Smith | Managing Broker Blok & Blvd Realty (281) 732-3090 david@blokblvd.com

Option Pending is the optional but recommended status of which most buyers should use to do due diligence or inspections on a property. Pending continue to show is the status used if the property is under contract but showings are still allowed.

Option Fee/ earnest money have not yet been delivered to title company. Pending continue to show means that the sellers want the home to still be shown just in case the current contract falls through.

Option Pending means that the house is under contract and the buyer has negotiated a certain amount of time for due diligence period before moving forward with the contract. Pending continue to show means that the contract is past the option period but that the seller is still willing to show the house to interested buyers, and might accept a backup offer.

When a listed home goes under contract and they buyer pays for an "option period", the listing agent will change the status of the home to option pending. Sometimes, there are other factors involved and the seller would still like the home to be shown so that there are possibilities of backup offers. In that case, the listing agent would change the status of the home to Pending continue to show. Feel free to contact me to sell or buy a home! I'd love to be your dedicated agent. Mandi Ford, Realtor Fathom Realty 832-926-2535 aford@fathomrealty.com

Pending usually means the buyers have completed their inspections and all parties have agreed to any possible repairs/negotiations. They are now one step closer to moving towards closing. Pending continue to show is the same as that but most likely the buyer may have to sell their home before they can buy the new home and the seller is still wanting to allow showings for potential other offers on the off chance this buyer can't sell their home to buy this one. I've been in this business for ~15 years and have a 5/5 star Zillow rating. If you have any questions, or need a relator I'm more than happy to help you. Michele Schumacher, REALTOR® Realty ONE Group 214.738.5555 ElitePropertyMatchmaker.com Michele@ElitePropertyMatchmaker.com

It's important to know that not all states have an Option Period, with many buyers coming from other states or countries being able to explain the Option Period is important. Texas does not want this to be a "Buyer Beware State" buyers are protected from purchasing a property that may have problems not visible when they see it, so in order to protect the Earnest Money, they can put up a lower amount for the option to be able to pull out of the deal if the inspections show problems that the seller may not be able to fix or isn't willing to fix. At that point the buyer has the right to terminate the contract because they purchased that right. Pending continue to Show, allows for other buyers to view the property and make a Backup offer just in case the first deal terminates.

Pending continue to show means the offer is executed and passed the option period. The seller will allow showing inn hopes of back up offer. Pending mean the buyer and seller are waiting for the closing date. If you have any questions or concern please call me.

OP / Option Pending - contract is in the option period.
P / Pending - Contract is out of the option period and seller prefers not to have any further showings.
PS / Pending Continue to Show - Contract is out of the option period but has a contingency and seller is accepting backup offers.

Page 51 gives of the HAR MLS Rules & Regulations gives a very thorough description of each MLS status: https://web.har.com/mls/MLSRules.pdf

OP - Option Pending - Listings that are under contract and the seller and buyer have agreed to use the “Termination Option” in paragraph 23 of the standard TREC contract.
PS - Pending Continue to Show - Used for listings currently under contract but are still available to show. Listings having a contract with a contingency and taking back-up offers should be Pending Continue to Show.
P - Pending - Used for listings under contact and are no longer available to show.

OP Means OPEN PENDING means that first of all someone put an offer on the property . Second that the property still is available to show and put an offer as a second choice just in case the first Offer fails

I plan to pay cash for my home, and I would like to know after the home inspector finish checking the home how soon can I close the deal.

OP-Option Pending means the contract is in an option period and the buyer has the unrestricted right to terminate. This is usually 7-14 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. Usually the choice of 'P' over 'PS' has more to do with the listing agent's SOP than with the property itself. Many foreclosure agents simply mark the property as 'P' when it's under contract.

All are under contract and could only accept a back-up offer. I hope that helps!

When the contract provides an opt out period the status is OP, indicating that the buyer could change his mind and opt out. Once that period passes there may still be some contingencies to satisfy and the status is PS, pending continue to show, indicating that back up offers are welcome due to the possibility of the first contract terminating as a result of a legitimate contingency. Once all the contingencies have passed and closing is assured the status will be P, pending.

Hope this helps clear up understanding of the various statuses.

When you enter into a contract with a buyer / seller the agents put the property into option pending for 10 days so the buyer can get inspections done. After the 10 day has passed it goes into PS pending continue to show.
waiting on financing. I am always here for your questions feel free to give me call. I am your Working Realtor, Rose Riggan 832-265-9966