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Active, Pending, Sold… What do all of these words really mean? (IN TEXAS)
When you are looking for a home in Texas online, knowing the right vocabulary will help keep you informed, focused, and not falling in love with a home that isn’t for sale. In general...
Active: Home is currently for sale. We will need to schedule an appointment to see this home. However, unfournately, do not always assume it is active. Sometimes the agent has not changed the status of the home sale yet. That is one of the reasons why you working with a realtor (ME!!) can help. I will reach out to the agent on your behalf to confirm and schedule appointment that works for you and the seller.
Option Pending: The seller and buyer have a mutual agreement, and home is under contract, but it is in option period. Option period is the unrestricted right for the buyer to terminte at anytime during that specific time period. Option period is optional and negotiable. I have seen option period be one day. I have seen it be 21 days. It depends on the buyer and seller. This is the time that the buyer has paid the seller in order to make the informed decision. The buyer will probably do the following: home inspection, quotes on improvements, quotes on repairs, take measurements, negotiate repairs, negotiate price. By 5:00pm on the last day of option period, the buyer either needs to move forward with the contract, terminate the contract, or ask to extend option period. If the buyer chooses to move forward with the contract, then it will move into pending status. If the buyer chooses to terminate, then, in general, it usually moves back into active status.
Have more questions? Hit the "Call Kelly!" button, or fill out the contact information today!
Kelly Raulston
“Reliable and Ready” REALTOR® since 2016. I was born in Monroeville, Pennsylvania, but was raised in Texas since 1997. When I found out we were moving to Plano, Texas, I remember looking forward to riding a horse to school and a brand-new pair of cowboy boots! Growing up in Plano prepared me to be competitive, quick, and to have a strong work ethic.
I graduated from Stephen F. Austin State University in Nacogdoches, Texas. Axe’em Jacks! That is where my love for East Texas began. The nature, warm smiles, football games, and community values can't be beat! I graduated summa cum laude with a degree in Interdisciplinary Studies. I was a middle school math teacher in Tyler, Texas. I met my husband, Travis, in Sunday school, and we have been married since September 2016.
I love being a REALTOR® in East Texas! Relationships are genuine, the area is beautiful, and the market is rockin’! I am an involved REALTOR® to better the community. Some of the organizations I am involved with are: The Professional Development Committee, Texas Real Estate Political Action Committee, and Tyler Educational Networking Group. Some awards I have won were “The Hustle Award” in 2016, and “Rookie of the Year” in 2017.
When I am not working with my clients, I like to spend quality time with my friends and family doing the following: running, target practice, read and participate in book club, and playing with my dachshund Greta.
