Property Q&A in Encanto>Question Details

verinna79, Home Buyer in Phoenix, AZ

Is this property still active?, what "conditional" means?

Asked by verinna79, Phoenix, AZ Mon Sep 24, 2012

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This question is about this property: http://www.trulia.com/property/3083565113-516-W-Roma-Ave-Pho…

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Answers

5
The home is currently AWC, which means it has a contract on it and it is in it's inspection period.
If you are looking for homes like this, be it price or area or size, please do not hesitate to call us, we have many others available!
0 votes Thank Flag Link Wed Sep 26, 2012
Everyone is doing a good job explaining the situation, here is a post that explains that and other definitions in the Phoenix MLS.
0 votes Thank Flag Link Tue Sep 25, 2012
This is a short sale and the seller has accepted an offer that has been submitted to the seller's bank. The status is AWC which means Active with Contingencies. This means that an offer that you submit would be held as a back up offer in the event something falls apart with the current offer the seller's bank is working with. If you would like to search the MLS with the same capabilitied as a realtor and view active listings, you can do so at http://www.jenniemillerrealtor.com
0 votes Thank Flag Link Tue Sep 25, 2012
No, it's "Active With Contingencies" because it's a pending short sale and the "contingency" is whether the short sale lender will accept the existing offer.

Even if the property was still "ACTIVE", it is occupied by tenants and the contract has to be approved by the lender BEFORE it can be shown and the repsonse has been overwhelming, meaning they've either rec'd many multiple offers or contacted by tons of agents and you'd most likely be competing with investors that will bid up the price.

There aren't many if any properties in this price range anymore and you'd have to move on something like this fast and have to compete with all the investors which are cash offers.

Good luck!
0 votes Thank Flag Link Tue Sep 25, 2012
This home is a short sale that is currently under contract. In the Phoenix market, homes under $100,000 are becoming extremely rare and are selling very quickly. It is critical to work with a Realtor who can set you up on a search that enables you to see these type of homes immediately when they become available. We would be happy to do that.

Please contact us through our website.
0 votes Thank Flag Link Tue Sep 25, 2012
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