Seeing a home listed as 'Active Under Contract' (AUC) can be both exciting and frustrating for potential buyers. What does it actually *mean*? Simply put, it signifies that the seller has accepted an offer, but the deal isn't quite done. Think of it as 'almost sold.'
Crucially, 'Active' indicates that the seller is still accepting backup offers. This could be due to contingencies like financing, inspection, or appraisal that need to be satisfied. If the initial deal falls through, a backup offer could be activated, saving you precious time in your home search.
Don't dismiss AUC listings! It's worth exploring the possibility of submitting a backup offer. Your dream home might just be waiting for you. However, be prepared that it can also mean a long waiting game with no guarantee of success. It's always best to consult with your real estate agent to discuss your options and understand the specific situation of the property.
