Notably, it's also bad for your pocketbook to book too far in advance, according to CheapAir. People who booked 210 days before the flight ended up paying an average of $475 for a domestic ticket. There are exceptions and caveats, however. If you're booking for a high-traffic time, like Thanksgiving, it can make sense to book well in advance. The optimal time to buy a flight for Thanksgiving weekend in 2012, for instance, was 96 days in advance.
In northern California, this type of status could be called Active with a Release Clause. It's basically a kick-out clause that says if the seller receives an acceptable back-up offer, the seller has the right to give the existing buyer 72-hours notice minimum to release the contingency to sell or cancel the contract.
In our MLS. that means that a contract has been accepted and is binding. The buyer has paid for an option period so they can have inspections done and back out if they feel they need to. That option to back out is what they call option pending. In some areas they call it pending with no mention of the option and in other areas they call it active option (but there is still a binding contract in place). glenn Â· 8 years ago.