What Does 'Under Offer' Mean?
'Under offer' means a seller has accepted a buyer's offer, but contracts have not yet been exchanged. The sale is agreed in principle, not legally binding.
In England and Wales, either side can still change their mind at this stage, so the deal is not yet certain.
At a glance
- Meaning
- Offer accepted, not exchanged
- Legally binding?
- No, not in England & Wales
- Similar to
- Sold STC
- Can you still offer?
- Yes, until contracts exchange
Key Takeaways
- Under offer means an offer has been accepted but contracts are not exchanged.
- It is not legally binding in England and Wales, so either party can pull out.
- It is very close to Sold STC, and agents often use the phrases similarly.
- You can still make an offer on an under-offer property, though it may not be accepted.
What 'Under Offer' Means
When a listing shows "under offer", a buyer has made an offer that the seller has accepted. Solicitors may be instructed and checks may be under way.
Nothing is legally fixed yet. Until contracts are exchanged, neither side is committed to completing the sale.
Under Offer Versus Sold STC
The two terms overlap and are sometimes used interchangeably. Sold STC means "sold subject to contract", which also describes an accepted offer before exchange.
Some agents use "under offer" for a very recent offer that is still being finalised, then switch to "Sold STC" once the sale is progressing. Either way, contracts have not yet exchanged.
Can You Still Offer on an Under-Offer Property?
Yes. Because the sale is not legally binding, you can ask the agent to put forward a higher offer.
The seller may consider it, though many prefer to stick with the buyer they have agreed with. If a new higher offer is accepted over the existing one, that is known as gazumping.
Why the Stage Matters
The risk period runs until exchange of contracts. Sales can still fall through here for reasons like survey results, mortgage issues, or a change of heart.
To understand what can derail a sale later on, see what can go wrong between exchange and completion. If you are new to the process, our buying a house guide walks through the steps.
Frequently Asked Questions
Is under offer the same as sold?
No. Under offer means an offer is accepted but not exchanged, so the property is not fully sold and the deal can still fall through.
Can I view a property that is under offer?
Sometimes. Agents may allow viewings so a backup buyer is ready if the current sale collapses, but this varies.
Does under offer mean I have missed out?
Not necessarily. Because it is not binding, you can register interest or make an offer in case the current sale does not proceed.
How long does a property stay under offer?
It varies, often several weeks to a few months, until contracts are exchanged or the sale falls through.
General information only, not financial advice. Check with the estate agent or your solicitor.
