House under offer but won't tell me how much...

GDB2222

eidand said:

eddddy said:

eidand said:

As long as the property is "Under Offer" and not "SSTC" I would  go in with my own offer. 

This is a resurrected thread from  3 months ago - but anyway...

EAs generally use the terms "Under Offer", "Sold STC" and "Sale Agreed" to all mean the same thing.

According to the Property Ombudsman....

The Property Ombudsman has said that in her view, there is no difference between ‘Sale Agreed’, ‘Under Offer’, and ‘Sold Subject to Contract’.
...
She told us: “All estate agents use different terminology to define the status of a property and The Property Ombudsman’s Code of Practice for Residential Estate Agents does not define which term agents should use.

“In my view, ‘Sale Agreed’, ‘Under Offer’ and ‘Sold Subject to Contract’ all propose the same, that the seller has accepted an offer on the property, that is, a sale has been agreed, but contracts are not yet exchanged.

“‘Sold’ should only be used once contracts have been exchanged.”

Link: https://propertyindustryeye.com/sale-agreed-under-offer-and-sold-subject-to-contract-theres-no-difference-says-the-ombudsman/

that makes no sense whatsoever, regardless of who says it
why would you need several different statuses for the same thing? or is that too much logic, right there? 

Have you never looked in a thesaurus? 

eddddy

eidand said:

that makes no sense whatsoever, regardless of who says it
why would you need several different statuses for the same thing? or is that too much logic, right there? 

Yes - it's an illogical, unreasoned and flawed thing to do.

Mahsroh

Surely a property can be "under offer" but not "sale agreed" or "SSTC" if an offer has been made but not yet accepted by the vendor? 

That's just using my basic knowledge of the English language and perhaps ignoring industry specific terminology! Perhaps i'm looking at it far too simplistically!!