In Recent Years, It Has Become Common To See The Alternative Phrase ‘Sold Subject To Contract’, Sometimes Abbreviated To ‘Sold Stc’ Or ‘Sstc’.

You may have often heard about “sold stc” or “sstc” in the property world and wondered what it means. The major difference between under offer and sold stc is that under offer comes first. We are often asked to explain the difference between a house which is described as “under offer” and one that is “sold.

The Main Difference Is That ‘Under Offer’ Can Also Mean That A Buyer Has Made A Reasonable Offer But The Seller Has Not Yet Accepted It.

‘sold subject to contract’ (also known as sstc) near enough the same as under offer, though a different terminology it means that the property had an offer, it was accepted by. These terms are essentially the same thing that the homeowner has accepted an offer from a buyer but the legal paperwork is not yet. Under offer is when an offer has been made but not accepted, sstc is when an offer has been made and accepted but before exchange, sold is when contracts have been exchanged.

The Best Way To Sum Up The 'Sold Stc Vs Under Offer' Debate Is That Under Offer Is A Way Of A Buyer Reducing The Likelihood Of Any More Viewings On Their Desired Onwards Purchase.

However, the sale is not legally binding until the exchange of contracts. There is no difference between under offer (uo) and sstc. Under offer means that the potential buyer of the property has made an offer, but the seller has not.

Under Offer, Sold Stc (Sstc) And Sale Agreed:

Sold subject to contract (stc) sold. What's the difference between under offer and sstc? Sold subject to contract could be misleading,.

Before Anyone Gets Confused, I Would Like To Define Under Offer And Sstc.

The term draws to mind a whole host of questions beyond its meaning. Sold stc means offer is accepted subject to matters. “agents appear to use under offer and sstc as meaning the same thing.