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.
We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house was under contract in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less