In the real estate alphabet the letter P is for Pending and the letters PS is for Pending Continue to Show. There are more commonalities than differences between the P and PS statuses that I decided to discuss them together.
Spring Texas real estate listings in a P or PS status are:
Under Contract – the sellers and buyers have agreed to the terms of the sale of the listing.
Not SOLD– real estate contracts can contain contingencies that need to be met before the transaction can close. The most common contract contingencies are buyer financing (contract is contingent upon the buyer’s ability to obtain financing for the home) , appraised value (contract is contingent upon the lender’s appraisal of the home being at or above the home’s sales price), and sale of buyer’s existing home (contract is contingent upon the buyer’s existing home being sold). If all of the contingencies in the real estate contract are not met the listing will go back to an A or Active status.
The differences between a real estate listing in a P or a PS status is whether the home is available to show and whether the real estate web sites will return the listing in home buyers search results.
According to our MLS rules, homes in a P status are not available to show and homes in PS status are available to show. Homes in a P status will not be returned in the search results on real estate web sites while homes in a PS status will be returned.
If you are a Spring Texas home seller who has his house under contract and you want to continue to receive exposure for your listing and are willing to accept showings, then PS is the status for you. A listing in a PS status will still be seen by homebuyers while a listing in a P status is almost the same as being off the market because it is invisible to homebuyers.
Jill Wente is a phenomenal realtor!!! She recently sold our home that had been a difficult listing. Not only... read moreJill Wente is a phenomenal realtor!!! She recently sold our home that had been a difficult listing. Not only would I not sell a home with any other realtor, I would not buy a home with anyone else. Why? Jill is a Five Star realtor. One has to perform at the top of their profession on a consistent and lengthy basis to receive such a designation. Jill has done so and received this award year after year after year. At our meet and greet get together she offered two transformative suggestions for our home. She continued to propose ideas that led to the sale of our home. Her work ethic was exceptional. She held open houses very frequently. She even picked up leaves when I was busy on another task for a showing. Jill is a wonderful person that really cares about selling your house. Her advice with negotiations and closing was all we could ask for and resulted in us getting our asking price. Trust her. We did and could not be happier. read less