We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Under Offer/SSTC/Sale Agreed definitions
Woby_Tide
Posts: 5,344 Forumite
Looking at some of the online portals and they all seem to have differing status' that they apply to properties, also when seeing sale boards in gardens they often have them to.
What would you class as 'Under Offer' as opposed to 'Sold subject to contract', i.e. is Under Offer meant to imply someone has offered but they are willing to accept other offers, or is it implying that it's had offer accepted subject to sactisfactory survey when it will become 'Sale Agreed' or 'SSTC'? All agents seem to use different terms
What would you class as 'Under Offer' as opposed to 'Sold subject to contract', i.e. is Under Offer meant to imply someone has offered but they are willing to accept other offers, or is it implying that it's had offer accepted subject to sactisfactory survey when it will become 'Sale Agreed' or 'SSTC'? All agents seem to use different terms
0
Comments
-
i assume they're all the same, though i guess if you're really interested in a property then it's worth giving the EA a ring for the state of play no matter what the board terminology is.Who made hogs and dogs and frogs?
0 -
I think SSC means than an offer has been accepted and when it's Under Offer, I think this means they've gone one step further and a survey has been carried out. Not sure but when I check the website my house is on, this seems to be the pattern.0
-
I think they all mean an acceptable offer has been made. I would say only "sold" would indicate that contracts have actually been exchanged.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
These are the definitions used by the majority of agents, however some newer or less experienced agents use them out of context.
Under Offer = an offer has been received which the vendor has accepted, but the purchaser cannot proceed (ie needs to sell etc).
SSTC = offer accepted, proceedable and the legal process is underway. Usually off the market and not accepting further offers. Contracts not necessarily exchanged.
Sale Agreed = is a kid of hybrid of the above two.
Andy0 -
I would say only "sold" would indicate that contracts have actually been exchanged.
:rotfl: not a chance where I live. SOLD goes up as soon as an offer is accepted.0 -
Small add on sign used by estate agents to make it look like they are shifting property.Woby_Tide wrote:... 'Under Offer'... 'Sale Agreed' ... 'SSTC'?A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.4K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.4K Work, Benefits & Business
- 597.9K Mortgages, Homes & Bills
- 176.6K Life & Family
- 256.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards