peter richards Posted April 20, 2010 Share Posted April 20, 2010 when a property has sold subject contract/ still view . what does that mean guys ? why are they offering viewings ? thanks peter Quote Link to comment Share on other sites More sharing options...
MARTIN R Posted April 20, 2010 Share Posted April 20, 2010 not an expert but - sold subject to contract = could fall through so continue to allow viewings so other prospective buyers are kept in the frame should the sale collapse. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 20, 2010 Author Share Posted April 20, 2010 ok thanks or could it be the sh1tty estate agent trying to get more money for it, if they knew another party were intersted Quote Link to comment Share on other sites More sharing options...
SteveR Posted April 20, 2010 Share Posted April 20, 2010 It just mean a sale has been agreed but the various bits of paperwork haven't been done yet (that can take weeks). In the meantime the seller could get a better offer (and depending on their principles, may or may not accept it), the buyer might pull out... etc. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 20, 2010 Author Share Posted April 20, 2010 ok thanks , just that has shown up today on a house we have been looking at , what would you do steve , is it werth phoning the estate agent Quote Link to comment Share on other sites More sharing options...
mathew Posted April 20, 2010 Share Posted April 20, 2010 ok thanks , just that has shown up today on a house we have been looking at , what would you do steve , is it werth phoning the estate agent i had an offer accepted on a house 2 weeks ago, they put the 'sold' sign up and everything . im now struggling to get a mortgage due to only being self employed for 5 weeks. thats despite having a 40% deposit ready. ive gotta phone the estate agent tomorrow to let them know i will now not be buying the house and it can go back on the market. so, yeah, its always worth putting in an offer as not all sales go as planned Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 20, 2010 Author Share Posted April 20, 2010 ok thanks ill give them a call in the morning Quote Link to comment Share on other sites More sharing options...
SteveR Posted April 20, 2010 Share Posted April 20, 2010 ok thanks , just that has shown up today on a house we have been looking at , what would you do steve , is it werth phoning the estate agent If it's a house you relaly want then you may as well, ask how certain the sale is and whether the vendor would be open to further viewings/offers. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 20, 2010 Author Share Posted April 20, 2010 ok steve thanks , yes its one we have been looking at , but couldnt put an offer in until we had one on ours . typical isnt it Quote Link to comment Share on other sites More sharing options...
creative Posted April 20, 2010 Share Posted April 20, 2010 ok steve thanks , yes its one we have been looking at , but couldnt put an offer in until we had one on ours . typical isnt it so you havent actually bought it then? A house is still for sale until the contracts are exchanged. Up until that point an agent has every right to keep showing the property and yes a better offer may come in. things do fall through and dont forget the agent is working on behalf of the vendor.... would you be annoyed if the agent turned away a higher price for your house? edit: just re read the posts... its early yeah, get in there and have a look but I guess the agent will only agree if you are genuinly interested and a AAA buyer. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 21, 2010 Author Share Posted April 21, 2010 yes viewed it twice , but as said until we had an offer on ours we couldnt put one in on the new one , but then yesterday we saw the sold STC/still view on the net Quote Link to comment Share on other sites More sharing options...
creative Posted April 21, 2010 Share Posted April 21, 2010 well until the contracts are exchanged the property is still available.... you put an offer in above what they already have, then its down to the owners. some owners stick with the first offer with the second as back up in case finance isnt arrange with the first offer or they choose the highest. Totally above board and I suppose this is where agents get the bad rep..... the only time this isnt strictly true when purchasing via private treaty (well in the case of OZ) is when a 66W is signed meaning the property is bought under auction conditions and you forfeit the right to pull out. This can also be used to get a property that you really want as well. Im not sure if they have this system in the uk though. Quote Link to comment Share on other sites More sharing options...
Chris Wilson Posted April 21, 2010 Share Posted April 21, 2010 In the present climate I would imagine a huge number of properties "sold subject to contract" founder and go back on the market place. It's a stupid sign, IMO, nothing is "sold" subject to money changing hands, it's just supposed to give potential punters an increased sense of urgency. In fact, thinking back, the last three house I have bought, including the one we are in now, were all previously "sold subject to contract". Ignore it and see what happens if you like and want it. Quote Link to comment Share on other sites More sharing options...
peter richards Posted April 21, 2010 Author Share Posted April 21, 2010 ok thanks for the replies guys . appreciate your feedback , as we havnt moved up to now, this will be the first time Quote Link to comment Share on other sites More sharing options...
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