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The meaning of the phrase STC?

What does this mean?

Asked on Jun 12 2011, House Prices in Croydon | Report content

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  • Hi, STC means 'Sold subject to contract'. Quite simply it means that a sale has been agreed to a buyer but contracts have not yet exchanged contracts. This means that the deal is NOT legally binding, the buyer or the seller can withdraw without any penalty.

    Answered on Jun 12 2011, Report content
  • It means a buyer has said they will pay a price that the owner has accepted.. nothing leaglly binding though.

    Answered on Jun 12 2011, Report content
  • STC stands for SOLD SUBJECT CONTRACT meaning you have either sold your property by accepting an offer or your offer on a particular property has been accepted. On both examples none of the buyer or purchaser is committed and either can pull out until there is a formal exchange of contract by which time none of the party can back out of the deal.

    Answered on Sep 13 2012, Report content

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