Under Offer vs Sold Subject to Contract
What is the difference between Under Offer and Sold Subject to Contract ?
Asked on Jul 2 2015,
Selling in Monmouth |
Agents tend to use the terms interchangeably so in practice they mean much the same: a sale is in the process of being agreed but until contracts are exchanged there is no binding agreement and the sale could fail to proceed. It might be argued that 'under offer' implies something less commited than 'STC' but, as already said', agent's usage is too sloppy to read anything into it.
Answered on Jul 3 2015,
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