Hi! I'm your local Realtor, and I can help you find your next home, renter, lot, farm/ranch, beach/coastal home, and even help set you up as a leaser. At Bayou Vista Realty along with selling, renting, buying property we can also help you manage your investment properties through our property management group. :)
Dependent on side of transaction a client, or customer, is on will stipulate the performance required. Listing for a Client: Option Pending - Seller has accepted buyer's terms to purchase an option period without continuing to show property to other potential buyers. In regard to TREC promulgated One to Four Residential Contract - Paragraph "5. EARNEST MONEY AND TERMINATION OPTION:" Buyer is the Client: Buyer has the option-time-period to opt out of the purchase agreement within specified time and terms. Pending Continue to show: Listing for a Client: Optimal for seller-client for potential back up offers, can be a form of protecting the seller's interest by maximizing days on the market - incase buyer backs out of the contract. Can also give a clearer geographic market report of demand for the property: if interest is high even in option period this can increase negotiating power/ protection with buyer (assuming you have backup offers). Buyer is the Client: Can be a stringent on negotiation if interest and demand is high for the property - as supply and demand play a factor. Although the property is Pending under the option period, the seller can continue to show the property in the open market to other potential buyers, increasing competition, and possibly lower negotiation power if higher back-up offers are received.
Amazing Education with great performing schools along with the San Jacinto College just a few blocks away. The city provides constant upgrades to the neighborhoods! Constantly renewing streets, gas lines, electrical, parks, and side walks. This is great for property value.
Reviewed on May 15, 2023
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