From Under Offer to Sold STC

[Deleted User]

I was awaiting a call from my solicitors Friday about issues with the house we are buying, these issues should have been resolved but I'm none the wiser, anyway the EA has changed the status of the property from Under Offer to SSTC!? Have they been told something we haven't? What would prompt the ea to do this? Thanks.

jjlandlord

dalo1981 wrote: »

... the house we are buying,

... the EA has changed the status of the property from Under Offer to SSTC

Isn't the first part of your sentence answering your questions?

[Deleted User]

jjlandlord wrote: »

Isn't the first part of your sentence answering your questions?

Ermmmmmm no

jjlandlord

OK, let's spell it out slowly:

If "you are buying" the house, it means that your offer was accepted and that as such it is basically "sold STC" (sale is agreed).
Otherwise, you are not "buying" the house, you have just put an offer to the vendor, which in estate agent's lingo means that it is just "under offer" (someone has offered to buy it).

Hence post #2.

mp86

Sold subject to contract means pretty much the same as under offer.

cattie

SSTC is often applied once buyer has had results of survey/valuation done & buying process proper has began with solicitor in place.

[Deleted User]

jjlandlord wrote: »

OK, let's spell it out slowly:

If "you are buying" the house, it means that your offer was accepted and that as such it is basically "sold STC" (sale is agreed).
Otherwise, you are not "buying" the house, you have just put an offer to the vendor, which in estate agent's lingo means that it is just "under offer" (someone has offered to buy it).

Hence post #2.

Well our offer was accepted 25th Jan, solicitors instructed next day, searches finished mid February, we've not exchanged due to issues on their deeds so wondered what had happened to make the ea change it now?

jjlandlord

dalo1981 wrote: »

wondered what had happened to make the ea change it now?

They finally woke up?

AdrianC

dalo1981 wrote: »

so wondered what had happened to make the ea change it now?

Somebody at the EA thought they'd better make it look like they were doing something?

Seriously, it's just a flag on RM. It means _NOTHING_ in relation to your sale.

Kazza_Monkey

If it's anything to go by ours still says under offer and we exchanged contracts on Wednesday so the status on rm isn't overly accurate. Good luck with your purchase

benjus

We've had the offer accepted, survey done, mortgage offer issued, draft contract issued, searches sent out and enquiries to seller's solicitor sent out - and it still says "Under Offer" on the agent's own website (it's been removed from RM etc). I think it's just down to how the agent does things.