In a traditional sale, as soon as the contract is signed by both parties the listing should go into PENDING status unless there is a contingency involved, for example, the buyer needs to sell his current residence.
This is known as an AWC listing, or active with contingency. It simply means that the sellers have accepted an offer and bank approval of the short sale is pending. AWC allows individuals to submit backup offers and for sellers to keep the property on the market. If you have any other questions please feel free to visit my highly innovative website or call/email me. If you are interested in looking at some properties, just let me know. Have and wonderful day!
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Kevin and Debra Hammontree, info@HammontreeHomes.com
Many agents will no longer show a house once there is an "accepted" offer, which can or could be a mistake depending on the situation. I had a listing that closed last month that was Active Contingent, the Buyers asked for a 6 month extention to close which left the door open for my client and their offer.
Best of luck.
Ask your agent since terms vary from place to place - each MLS system uses terms that vary somewhat it seems. It's like Coke, some places call it pop and some call it soda.
Not reviewing all documents you are seeing
Under contract & pending could mean the same thing
Recommend to keep a watch on the property HOWEVER keep looking
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Under contract (or contingent) means that there is a contract in place but the contingencies have still not been met. In the case of a short sale one contingency is usually the lender approval.