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'Off the market' = Under offer or STC?

30 replies

QueenoftheNights · 15/05/2018 07:02

One of my DCs has put in an offer which has been accepted. (First time buyer.) The agent offered to take it off the market if DC offered the full asking price (initial low offer rejected.)

It's now showing as Under Offer.

I know that different ages use different terms when an offer's been made and accepted and I know an offer is not binding ...but I imagined the property would be 'taken off the market' by being removed from Right Move altogether or showing SSTC.

Obviously the worry is gazumping as long as it's showing Under Offer. Comments?

OP posts:
Possumfish · 15/05/2018 21:46

Taken off the market is just agent speak. It doesn't actually mean anything special.

Caroian · 15/05/2018 22:14

Presumably this happened when the initial low offer was rejected? In which case what the agent was stressing was that the vendors wanted the asking price and would not remove the house from marketing for any lesser amount.

TheCrowFromBelow · 16/05/2018 20:14

Houses stay on rightmove, etc right up until the sale has gone through.
No, you can ask for it to be taken off Web listings, OP ask your DC to ask the agent this as a show of goodwill.

The “Under Offer” is likely to be a set field IYSWIM which the agent can’t change in RM- it means exactly the same as SSTC.

MessySurfaces · 16/05/2018 20:58

OP, if your DC is worried they can ask for it to be taken down (perhaps once they have booked the survey) and/or get someone to try the ringing up and asking for a viewing trick to put their mind at rest.
For what it's worth, I would expect "off the market" to just mean marking it under offer and absolutely no more viewings, but remaining online.

Buxbaum · 16/05/2018 21:48

I don't know where you are in the country but in many areas the market is very stagnant, and prices are beginning to fall. As a seller I would be as concerned about gazundering as OP clearly is about gazumping and I wouldn't be happy to remove the property from RM this early.

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