Hi Gina,
Here is the general break down for each status:
The different pending options are as follows:
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 opt...
Hi Gina,
Here is the general break down for each status:
The different pending options are as follows:
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
Email
936-827-9217
This is a quick summary of the different Houston MLS listing statuses: A or Active Status is for available listings that are accepting offers and are not under contract. OP or Option Pending Status is for homes that are under contract and the buyer is in the Termination Option Period. PS or Pending Continue to Show Status is for homes that are under contract, but available to be shown for backup contract offers. P or Pending Status is for homes that are under contract and not available to be sh...
This is a quick summary of the different Houston MLS listing statuses: A or Active Status is for available listings that are accepting offers and are not under contract. OP or Option Pending Status is for homes that are under contract and the buyer is in the Termination Option Period. PS or Pending Continue to Show Status is for homes that are under contract, but available to be shown for backup contract offers. P or Pending Status is for homes that are under contract and not available to be shown. S or Sold status is for homes that have sold and closed and are no longer available. W or Withdrawn Status is for homes that are still in a listing contract, but are not longer available or temporarily unavailable for sale. X or Expired Status is for listings that did not sell during the listing period and are no longer available for sale.