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What is the difference between "Sold STC" and "Under offer"?
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# 1
pamaris
Old 17-07-2007, 10:54 AM
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Default What is the difference between "Sold STC" and "Under offer"?

What is the difference between "Sold STC" and "Under offer"?


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# 2
olly300
Old 17-07-2007, 11:10 AM
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Underoffer - the status of a property for sale when a seller has accepted an offer from a purchaser but prior to exchange of contracts.

Sold STC - same thing.

It is suppose to mean when the sale has progressed a bit further but it doesn't as most EAs just change the boards from "For Sale" to "Sold". While others change the boards from "For Sale" to "Under Offer" to "Sold"
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# 3
going2die_rich
Old 17-07-2007, 11:18 AM
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I thought while it was "Under Offer" other offers could be made since it was still on the market, where as the "Sold STC" was that the seller had agreed an offer so it was technically off the market, but subject to terms and conditions so if it fell through it could be back on.
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# 4
Shambler
Old 17-07-2007, 11:23 AM
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The house we are hopefully purchasing shows as 'Under Offer' on the EA website but 'Sold' on the for sale board at the property.

We have just received the list of fixtures and fittings from our solicitor.

I think it's just EA speak, i.e. 'Under Offer' and 'Sold STC' mean the same thing...they are hardly going to say it is Under Offer every time someone puts an offer in unless it has been accepted at which point it is 'Sold STC'.
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krispy444
Old 17-07-2007, 11:46 AM
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Under offer means that offers can be offered !!

Sold STC means sold Subject To Contract, meaning that an offer has been accepted and hopefully working towards an exchange of contracts.
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# 6
kingkano
Old 17-07-2007, 12:11 PM
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I thought decent agents will put under offer until the survey is done and sale progressing, then it becomes SSTC. bum agents just go straight to sold.
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# 7
pamaris
Old 17-07-2007, 12:18 PM
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It cracks me up when agents say "offers invited". Well duh.

So, basically what I get from all this is that "under offer" and "SSTC" are supposed to mean different things, but don't always.
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# 8
emg
Old 17-07-2007, 12:54 PM
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I always thought under offer meant in theory an offer had been accepted but that the buyer still needed to find a buyer for their house in order to proceed with the purchase whereas sold stc meant it was proceedable straight away.
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# 9
nobblyned
Old 17-07-2007, 1:17 PM
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EAs seem to say whatever they like whenever they like. I wouldn't dwell on the semantics of it.

Last edited by nobblyned; 17-07-2007 at 1:30 PM.
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# 10
Phirefly
Old 17-07-2007, 1:26 PM
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Quote:
Originally Posted by pamaris View Post
It cracks me up when agents say "offers invited". Well duh.
I like 'must be viewed' too. Nah s'ok, I'll take your word and buy it without viewing....
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# 11
LandyAndy
Old 17-07-2007, 1:31 PM
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I like 'deceptively spacious'.
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# 12
Romani Ite Domum
Old 17-07-2007, 1:38 PM
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Quote:
Originally Posted by pamaris View Post
What is the difference between "Sold STC" and "Under offer"?
Thanks
It means different things to different people.

I accepted an offer on my house a few weeks ago but I felt the people were time wasters as I have had this before. After exchanging solicitors details, I told the agent I did not want SSTC on my details in the window. I told them to stop actively advertising in the press etc and if anyone was interested, that we were "under offer". 3 days later the buyers pulled out due to a change of plans.

It's bad news if your EA starts putting you in the paper as "SSTC" and you lose your buyer.
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