March 17, 2017 0

What Does Under Offer Mean on an Estate Agents Board?

in Question & Answer, Selling & Buying

This week we have a question from Zoopla AskMe user wkndskyrme.

He’s asked – If a property is under offer by someone else can I still view and make an offer?

Is it the same as sold subject to contacts?

Video Transcription

I get asked this question a lot, what does under offer mean?

Generally there are several terms that estate agents will use so, under offer and sold subject to contracts.

These terms generally mean once an offer has been accepted by both parties, so the buyer has made an offer to the seller, they have accepted, this then goes under offer or sold subject to contracts.

It’s the very early stages of when a sale has been agreed.

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Jeff Djevdet

Starting his career in Estate Agency, Jeff quickly moved up the ranks to manage his own office for Halifax Property Services. Co-founding Speed Property Buyers in 2008, he has applied this knowledge and overseen rapid expansion of the business.