I am working with a San Antonio home buyer who was receiving properties from me via email I was asked the question “What does AO mean.” AO is shorthand for “Active Option.” If a home you like is showing AO as its status through the MLS (Multiple Listing Service) the property has an accepted contract on it. When that happens, typically a home will go into its “option period” which is the time that the buyer can hire an inspector to look at the home for potential future issues or problems. The buyer and seller will usually negotiate repairs during this “option period” and come to an agreement. When this happens, the listing agent will re-label the home as in a “pending” status, which means they are working toward the close of escrow. If they don’t come to an agreement, you will usually see the home status marked as “BOM.”
Do you have questions about selling or buying a home? I’d love to explain the process to you, and help make it easier! Give me a call if you are looking for a good realtor. 210-478-8555. Charley Wasson, Texas Premier Realty.