The real estate industry like other industries has its fair share of abbreviations. And I would have to say that I am just as guilty as the next Spring Texas Realtor in using real estate abbreviations in my correspondence. I throw them around assuming that everyone knows exactly what they mean.
So what does MLS, CMA, LP, SP, DOM, A, OP, P, PS mean?
MLS – Multiple Listing Service: A database that contains information on property listings. In the listing agreement it will identify whether the broker will or will NOT file the listing with a MLS. The local MLS for an area typically has the most comprehensive database of listings.
CMA – Comparative Market Analysis: An impartial evaluation of market activity and is used to estimate the potential selling price of a Spring Texas home.
LP – List Price: The dollar figure at which the property is listed for sale.
SP – Sales Price: The dollar figure at which the parties to the transaction have agreed to sale the property.
DOM – Days On Market: The quantity of days the property has been listed for sale. The DOM stops at the time the property goes under contract.
A – Active: The property is currently for sale. It is NOT under contract. Its one of several classifications of status of a listing with some of the others being OP, P, PS, S, W, T and X. A property is still considering Active when negotiations for its sale are taking place.
OP – Option Pending: The property is under contract. It may or may NOT return to an Active status.
P – Pending: The property is under contract. It has progressed pass the OP status. The real estate transaction is in the process of being completed and closed.
PS – Pending continue to Show: The property is under contract. It has progressed pass the OP status. It is in the process of being completed but it has a contingency that needs to be removed before the property can close.
Next time your Spring Texas Realtor throws an abbreviation around, just ask them to slow down and provide you with its full word and meaning.
Do you know Jill Wente? If you don’t, then you need to meet her. She is one of the TOP... read moreDo you know Jill Wente? If you don’t, then you need to meet her. She is one of the TOP Realtors in Spring Texas and she exudes confidence, professionalism, friendliness, and sincerity.
From the first day we met, we knew Jill was the Realtor we wanted to represent us on the sale of our home. I opened our front door, and there stood Jill with her hand extended, a warm smile and a “Hello Dee Dee”! She greeted my husband the same way. We immediately felt comfortable with Jill Wente.
Jill explained the selling process, reviewed the comparables, and outlined her strategy to sell our Spring Texas home for top dollar. She went through our house room by room with us to stage the home. Later she returned with staging accessories to finalize the transformation of our home into a product.
Jill and her photographer / videographer make a great team. The photos and videos of our house made us say "WOW" and we wanted to buy it instead of selling it. We know that Jill's strategic and professional marketing helped us sell our home for top dollar.
Jill Wente gave us sage financial advice throughout the entire sale of our home. An example of the sage advice was when Jill recommended to us not to overprice our home. She explained that overpricing increases days on market and decreases the final sales price. Jill Wente is one of the Top Negotiators in the Real Estate Business. She negotiated favorable terms for the sale our home and displayed her skills once again during the negotiations of repairs.
Gary Greene must be as honored and proud of Jill Wente, as we are. Look no further for a Spring Texas Realtor who shares her knowledge (I took plenty of notes), her sense of humor, and her persistence to leave her clients ecstatic. She far exceeded our expectations, and we are grateful for her expertise and guidance during the stressful time of selling our home. read less