The previous response by these great Texas agents are on point. The gift of the status, under contract - continue to show, is in the knowing. The properties that are in the computer list with this type of status already have a contract, meaning the seller has already accepted a buyer's offer. The continue to show part means if you still want to see it, in hopes of the existing contract not going through, then your agent can still set an appointment and show you this property. If you are in the m...

The previous response by these great Texas agents are on point. The gift of the status, under contract - continue to show, is in the knowing. The properties that are in the computer list with this type of status already have a contract, meaning the seller has already accepted a buyer's offer. The continue to show part means if you still want to see it, in hopes of the existing contract not going through, then your agent can still set an appointment and show you this property. If you are in the midst of a home search, lately, houses newly listed on the market have been going fast. Be prepared with a good agent, a pre-approval and a list of what you want in your new home. Best wishes.

Dear Ben,

See the definitions of Pendings by the MLS below.
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"
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"
Pending: "Used for listings under contact and...

Dear Ben,

See the definitions of Pendings by the MLS below.
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"
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"
Pending: "Used for listings under contact and are no longer available to show."

Call me if you need professional help 832-283-1091

Thanks and Regards, .

Cagdas Acar
Mcs. PSA VLB Realtor
832-283-1091
 Email 
www.cagdasacar.kw.com

Hi Ben,

Why would you want to view a home if the home has a contract and is "Pending" or pending to close? Any why would you and your Realtor want to look at this home? Because the Buyer that has the contract on the home now has not removed one or more contingencies. The most common is the financing contingency. Until the loan is fully approved, the Buyer cannot buy the home. There is a chance the contract could fall apart. You would have an opportunity to present a back-up offer no...

Hi Ben,

Why would you want to view a home if the home has a contract and is "Pending" or pending to close? Any why would you and your Realtor want to look at this home? Because the Buyer that has the contract on the home now has not removed one or more contingencies. The most common is the financing contingency. Until the loan is fully approved, the Buyer cannot buy the home. There is a chance the contract could fall apart. You would have an opportunity to present a back-up offer now. If the 1st Buyer cannot close, your back-up offer would fall into place with all negotiated terms.

Now the odds of this happening where your back-up offer would take over are slim. But if you simply cannot find another home, this might be an option and then you hope the 1st Buyer does not close. Otherwise you simply keep an eye on it and when if it comes back active, then you make an offer with everyone else. Your Realtor can explain the different "Pendings" and how they are interpreted. If you need assistance and want to know a faster way to track new listings, let me know.

Mark McNitt, Bernstein Realty
m 832-567-4357
www.MarkKnowsHouston.com

Hi, Ben - This is a good question as buyers often wonder if they should look at a house that's in this situation. The advantage to a buyer is knowing ahead of time that an offer has already been made so you may not be able to buy the house, but also that the current offer may fall through. So you don't get your hopes up, but if you're ready to move quickly (you've been pre-approved for financing and are ready to move) you may be able to make an offer if the opportunity presents itself. The s...

Hi, Ben - This is a good question as buyers often wonder if they should look at a house that's in this situation. The advantage to a buyer is knowing ahead of time that an offer has already been made so you may not be able to buy the house, but also that the current offer may fall through. So you don't get your hopes up, but if you're ready to move quickly (you've been pre-approved for financing and are ready to move) you may be able to make an offer if the opportunity presents itself. The seller may be taking backup offers as well, so if the property is one you're interested in, you can begin a conversation and let the seller know you're interested. Working with a realtor can help negotiate this less traditional path and, if needed, help you find an alternative property if this one stays under contract.

Bev Schulz
Step-by-Step Realty
Zarco Properties, LLC - Broker

Hi Ben!

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 Ben!

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