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Property/DIY

Property jargon: sold, sale agreed, under offer

2 replies

notanickname · 01/04/2009 22:20

I always thought if a seller had accepted an offer it was Sale agreed, then when they'd exchanged or got much further - sold subject to contract. So does "under offer" mean they have had offers but are just waiting to see if they get a better one, or what? Or is it another way of saying "sale agreed"?

OP posts:
Tinker · 01/04/2009 23:06

Think they are all different ways of saying the same thing. A house is only sold when contracts have been exchanged. Even then you could pull out but you'd lose your deposit. Sold stc and sale agreed isn't a guarantee that a vendor wouldn't accept a higher offer if they were a bit of a bastard.

MintyyAeroEgg · 01/04/2009 23:15

"Under offer" means the owners have accepted an offer. Its just another way of saying "Sale agreed". Estate agents just have different preferences for the wording.

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