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How long did it take for a property to go Sold STC

29 replies

Bubblegum20 · 09/09/2023 17:58

We had an offer accepted on a house 10 days ago and you wouldn't know it's under offer or sold STC on rightmove or the estate agents website. Our offer was accepted 15k under the asking price, but we didn't realise they could still advertise it. We're spending a lot on solicitors fees (opening fees, searches etc). We're also the top of a long chain which is making us nervous they're gonna pull our offer at any moment. Has anyone else had this before?

OP posts:
Twiglets1 · 25/09/2023 18:09

Bubblegum20 · 25/09/2023 15:12

I got my brother to call up and enquire about it, the EA said they were taking a list of names and numbers incase it fell through but told him it was sold stc over the phone which made me feel a bit better. It's still going through, hopefully it continues and we exchange/complete soon 🤞🏼

That’s good.

It’s very unlikely someone would make a good offer on the house without even viewing it in this market.

It’s a bit annoying but I would accept it. Just ask the EA to pass on that you are unhappy about it, that’s all you can do really without escalating the situation.

maisouimaisoui1 · 25/09/2023 18:55

There are specific rules with probate properties, as far as I remember. The executor has to ensure that the best price is achieved, so I think they have to keep advertising it.

SammySays · 30/09/2023 14:37

maisouimaisoui1 · 25/09/2023 18:55

There are specific rules with probate properties, as far as I remember. The executor has to ensure that the best price is achieved, so I think they have to keep advertising it.

That’s not the case. I just purchased a probate property and it was marked SSTC as soon as offer was accepted

maisouimaisoui1 · 30/09/2023 17:51

SammySays · 30/09/2023 14:37

That’s not the case. I just purchased a probate property and it was marked SSTC as soon as offer was accepted

It's to ensure that the executor of the will can show that they acted in the best interests of the beneficiaries. By maintaining the advertising until the house is sold, they can prove that there was no better offer. Just because it's marked SSTC, it's still effectively being advertised.

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