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Created July 7, 2017 21:51
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What does sold subject to contract mean




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Once an offer is agreed the property is sold subject to a contract being agreed. But to the lender you are now applying it means you may be trouble - rightly or 25 Feb 2014 Sold STC means 'Sold Subject to Contract'. In layman's terms this means that the seller and a buyer have agreed a price for the property, however, the final contract which would make the deal irreversible has not been signed. 7 Jul 2015 Once an offer has been accepted by the seller, then the property is sold subject to contract (STC). This means that although the offer has been 30 Apr 2016 If you have been looking for a home and you come across 'Sold STC' you may well be disappointed and think this property has gone to another As for asking the agents, well, they never lie, do they? Sold 'Subject to Contract' (STC) means that the homeowner has accepted an offer from 21 Apr 2016 Find out the basic information about what it means for a property to be sold subject to contract. 21 Feb 2011 Sold STC and Sold STCM Sold 'Subject to Contract' (STC) means that the homeowner has accepted an offer from a buyer but the paperwork is not yet complete. You can still enquire about a Sold STC property as the sale is not complete until the signed contracts are exchanged. Technically the property is still available. Unlike other forms of contract which may be made verbally and still enforced, since 27 September 1989, Section 2 of The Law of Property states that: 9 Sep 2015 From a buyer's perspective, it does mean that it's a good tip not to ignore properties that are Sold Subject to Contract (SSTC) when looking for a


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