The phrase AWC is just that: Active with a Contract. It can mean either that it is a short sale and is awaiting bank approval or there are other contingencies such as financing or inspections which give a buyer an out. Many sellers will accept this kind of contract but want the property to stay active until either the bank accepts the offer or all the contingencies have been met and satisfied. At this point the status then changes to pending or if there are any issues the property could go back to active at which time any back up offers will be reviewed. If I can help in any way with any real estate question or need, please contact me. Thanks
With the large inventory of great homes on the market right now, it is really not worth the time and trouble to consider homes which are already under contract--to see for yourself, please access your free Listingbook account!
Liane Jamason, REALTOR
Smith & Associates Real Estate
Jim Soda TheSodaGroup.com
Keller Williams Realty