The real estate alphabet has 4 primary letter(s) home buyers come in contact with when searching for Spring Texas homes for sale. They are A, OP, P, and PS.
I will start by explaining what the letter A stands for in real estate because not only is it the first letter in the alphabet but it is also the easiest to understand. A is for Active.
A real estate listing with an A status is a home currently on the market and available for sale. The home is not under contract. A real estate listing stays in an Active status until it is either under contract or is taken off the market.
What confuses buyers and drives Spring Texas real estate agents crazy is when a home is listed as Active in our MLS system but the home is actually under contract. We typically run into this situation with foreclosure homes. The bank and the potential buyer have agreed upon the terms and a sales price but the buyers and the bank have not executed all of the banks addendums. Until the real estate contract and all of the addendums are executed by both parties the house is not officially under contract which is why the house remains in an Active status in our MLS system.
If the foreclosed house is not under contract which is why it still has an Active status then the bank should be willing to accept other offers. But the bank is unwilling to accept other offers because they have an accepted offer which in theory means the bank has the property under contract.
Since apparently rules do not always apply to the owners of foreclosed homes I recommend we develop a new status for foreclosed homes that are not Active and not under contract. Perhaps the status should be NA for Not Active. Until my recommendation is approved and implemented remember that unfortunately Active does not always mean Active and Available at least when it comes to foreclosed homes.
My family and I have moved many times and have had several realtors in various locations. Jill Wente is hands... read moreMy family and I have moved many times and have had several realtors in various locations. Jill Wente is hands down the best real estate agent in Spring Texas and certainly the best we have ever used. She has represented us as a buyer and seller and then most recently a buyer again the Spring TX area. She helped us figure out what would fit our needs today and what our needs would be 5 and 10 years from now. She was always thinking about future resale value and guided us in the process of making a wise financial decision. She negotiated hard for us and treated our money as if it was her money. She was always available and worked around our schedule. If you are looking for someone with unparalleled knowledge of the Spring TX area look no further, she’s the one you want on your side. I LOVE our new home but if I ever move again, Jill Wente will be who I call. read less