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SSTC - Silly question..?!
Gemm83
Posts: 237 Forumite
As a FTB I have noticed that a lot of selling sites/estate agents allow you to search for property that is marked as SSTC. What is the point in this? Is it due the fact that nothing is final until exchange and that other potential buyers could come in with higher offers etc?
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Yes that is basically it exactly0
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Thank you.....! That's good then as there is a house we love that went 2 days after it went on the market but we weren't in a position to do anything... Which we are now. Can the EA say what offer has been accepted?0
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It's complicated. (and most wont anyway).Gemm83 said:Thank you.....! That's good then as there is a house we love that went 2 days after it went on the market but we weren't in a position to do anything... Which we are now. Can the EA say what offer has been accepted?
Link to the property?0 -
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Ouch 300k. Sussex premium i fear.
Looking at lack of recent sales, it's slightly harder to estimate. (i'd pay no more than 170-200 for the house itself, so the area is a premium i'm guessing).
I would expect it's near enough 280-300 that they've accepted - just due to the most recent sales being 5+ years ago at 255-265k0 -
Yes, Sussex premium! 🙄0
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Just a word of caution, if you do make an offer and it's accepted, there's always the risk another buyer will come along and do the same to you.
You would need to move extremely quick to get to exchange, to prevent gazumping and there would be no trust / faith in the seller based on previous behaviour.
Looking at SSTC are good to give an idea as to what has been on the market, prices they were listed for, what you can get for your money and how quickly they sold.Mortgage started 2020, aiming to clear 31/12/2029.1
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