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Under offer?
NaughtiusMaximus
Posts: 2,840 Forumite
What does 'under offer' mean on Rightmove? Is it just another way of saying sold STC or does it have it's own specific meaning?
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Comments
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Well nearly, very rarely in Scotland will an under offer go back on the market and it means there are no more viewings.0
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They generally mean the same thing.
See: http://www.rightmove.co.uk/stc.html
It tends to be individual preference by EAs. Some prefer one term, and some prefer the other.0 -
It usually just means someone has offered to buy the property and the seller has accepted their offer. It doesn't have a specific meaning of its own so far as I'm aware.
I suppose some agents might see it as a way of leaving the door slightly ajar, as it suggests that more offers might still be welcome to accompany the other one!
Different agents use a variety of terms, but I noticed my friend's house went from 'For Sale' direct to 'Sold' with Purple Bricks, which is inaccurate.0 -
its a marker , basically saying "you offer more the seller may accept"
its not really sold until exchangeEx forum ambassador
Long term forum member0 -
They say under offer as it shows the estate agent is successful at selling houses... it advertises them, rather than just taking the ad down.0
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Thanks everyone0
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