What’s the difference between OP, P, and PS? How are the property statuses of OP, P, and PS different and what is happening during each status.
OP (Option Pending) – The property is under contract. The buyers are in the process of getting the property inspected. The buyers have the unrestricted right to terminate the contract during the option pending status. If the buyers terminate the contract, the property returns to an Active status. If the buyers move forward with the transaction, the status of the property will change to either P or PS.
P (Pending) – The property is still under contract. The buyers are in the process of closing on the property. Title work, insurance, survey, HOA information, appraisal, finalizing financing are all being performed and completed during the pending status.
PS (Pending continue to Show) – The only difference between the Pending and the Pending continue to Show statuses is the sellers are still accepting showings on the property during the Pending continue to Show status. The reasons the sellers may still be accepting showings are because the contract is contingent upon the buyers selling their current house or the sellers may be uncertain if the buyers will be able to finalize their financing and close on the property.
Jill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as... read moreJill was phenomenal during every step of selling my father's home. This process was extremely difficult for me, as my father passed away last year. Jill listened to EVERY story I had, and there were a lot of them! She allowed me to share the memories of the house, which helped me prepare to let it go.She is very knowledgeable in what to and what not to do in regards to getting the home ready to sell, what to tackle during the negotiation process and she made the closing extremely convenient. She was thoughtful enough to place the "sold" sign on the property a week in advance, to allow me time to process it all. Paying constant attention to what is happening around your listing is one of JIll's many strengths. Her goal is to get you the most money for your property, and she has different strategies to that end result. I not only gained a new realtor, but in JIll, I also gained a friend! I will be forever grateful for her through this tough process and I know my Dad would have loved her! "Thanks," will never be enough! read less