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.
Simply put.... ultimate professional. Jill came and provided clear and concise guidance to our family as to what will... read moreSimply put.... ultimate professional. Jill came and provided clear and concise guidance to our family as to what will be required to sell our home quickly. I was involved in a relocation and had a tight timeline to sell my home and relocate my family to our new destination. Jill came in and showed us how to take a home that we loved and turn it into a "product" that someone else would love. The house sold in 7 days.... enough said. Jill will be a fierce advocate for you in negotiations and if you listen and trust her experience, she will be the best realtor you will ever have!! Thanks again for your excellent service! read less