Confused by the property status you’re seeing on the search results on the Phoenix real estate search page here or on other sites? You’re not alone. Here’s a quick primer on what AWC and other abbreviations or common notations might mean:
AWC – Active with Contingencies
This comes in three flavors: AWC-C, AWC-I and AWC-O. The two most common are AWC-I, which stands for Active with Contingencies Seller Instructions – the seller has instructed the agent to keep marketing the property as if it were active, and AWC-C, which stands for the wonderfully redundant Active with Contingencies Contingent Offer. This is the status you see most often with short sales once the seller has accepted an offer, with the contingency that the bank has to approve the sale price as well.
AWC-O means there’s an existing option to buy and it’s very rarely used.
REO Apprvl Indicated
Used on a bank-owned or REO listing once the bank has verbally accepted an offer. In other words, the house isn’t available anymore and bidding higher won’t help.
Multiple Offers Received
Just as it says, multiple offers already have been received on the property
SS Offr Submtd Lendr
This shows up on Active listings, thanks to the local Arizona Regional MLS rules, and means an offer already has been accepted by the seller and submitted to the bank for approval. (Why wouldn’t this make the home AWC-C? Because listing agents were able to convince the local MLS that they need the homes “Active” even when they aren’t in order to continue marketing them.)
So those are the main definitions. Seeing something else that doesn’t make sense? Drop us a line and we’ll be happy to help!