When searching for homes buyers will find not only Spring Texas homes in an A status returned in their search results but also homes in an OP and PS status. The A or Active status is the easiest status for potential home buyers to understand. Its the other letters of the real estate alphabet that create all the confusion.
OP is an abbreviation for Option Pending. A real listing with an OP status is a home that is under contract with an Option Period. A home is officially under contract when the sellers and the potential buyers of the home have agreed to the terms of the sale and both parties have executed the documents. Buyers will typically negotiate with the sellers for an Option Period to be included in the real estate contract.
The buyers pay the sellers a nominal fee for the Option Period which gives the buyers the unrestricted right to terminate the contract during a defined time frame. The majority of real estate listings will move from a status of OP to P or PS which are other under contract statuses.
If the home you love has an OP status watch for status changes on the home because not all listings continue down to path to being sold. Not often but sometimes the home does go back to an A or Active status.
We contacted Jill to list our home after reading her impressive bio. Jill has all the qualifications you could... read moreWe contacted Jill to list our home after reading her impressive bio. Jill has all the qualifications you could possibly want and need in a realtor. She is a fulltime agent and there for you 100% of the time. After meeting with her to discuss our home listing, Jill came over and spent almost an entire day helping stage our home. She went to each room in our home making certain every area looked great! She even brought over a couple of carloads of her own staging items! After getting the house picture perfect, she scheduled a top of the line professional photographer. This photographer took beautiful photos of our home including drone shots of our outdoor area and pool. The first weekend of our listing Jill hosted an open house. Within ten days we were able to get a contract for the full asking price on our home. The buyers needed to move into our home quickly, so Jill worked with the buyers realtor and we were able to close the entire deal in 21 days! We were completely blown away by all the things Jill did to take care of our home sale. She is absolutely the best, no doubt about it!!
Nancy & Arnie, Lakewood Forest, Houston read less