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Under Offer / Sold, Subject to Contract

On Rightmove, is there is a difference between Under Offer and Sold, Subject to Contract when you are looking at properties?
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
«1

Comments

  • nope........... :)
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would assume that the difference is whether or not surveys and/or legal representation have been instructed.
    Of course, it is all down to whether the EA has updated it properly, if at all.
  • marksoton
    marksoton Posts: 17,516 Forumite
    I can't see theres any difference.

    My flat went straight to sold STC the day after my offer was accepted.
  • Hi Pollyanna,

    These are set by the agents so it means whatever the agent wants to.

    However, in my opinion 'under offer' should mean that the property is still on the market whilst 'sstc' should mean it is not.
  • Hi Pollyanna,

    These are set by the agents so it means whatever the agent wants to.

    However, in my opinion 'under offer' should mean that the property is still on the market whilst 'sstc' should mean it is not.

    Thanks everyone. This is the way I saw it as well, but wasn't sure if it was actually done this way.
    Pink Sproglettes born 2008 and 2010
    Mortgages (End 2017) - £180,235.03
    (End 2021) - £131,215.25 DID IT!!!
    (End 2022) - Target £116,213.81
  • The house I'm buying has Sold STC on the rightmove ad
  • Lungboy
    Lungboy Posts: 1,953 Forumite
    Part of the Furniture 1,000 Posts
    A local EA uses both terms so I rang about a house "under offer" only to find that even to that EA they amount to the same thing and that the house was off the market.
  • I bought and sold recently, the Right Move ad's said "under offer" until the survey's had been done then they were changed to SSTC.

    HTH
    Don't wait for your ship to come in, swim out to it.
  • I always thought that the sign "SSTC" appears only after the exchange. But now I guess it depends on EA...
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Ms_Sophia wrote: »
    I always thought that the sign "SSTC" appears only after the exchange. But now I guess it depends on EA...

    Once the contracts have been exchanged it is no longer subject to contract. It is sold, full stop.
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