2007-08-28 21:18:30 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It means that a person has made an offer on the property and that the seller is happy with it.
BUT, it does not mean you can not go in a make a offer, if your offer is higher then the previous person then the seller will accept your offer and tell other party to back off.
2007-08-28 21:52:44 · answer #1 · answered by kish 2 · 0⤊ 0⤋
Under Offer
2016-10-30 21:13:58 · answer #2 · answered by ? 4 · 0⤊ 0⤋
It means an offer has been made and accepted, but the person who made the offer is awaiting a survey, perhaps also a mortgage agreement, results of searches (to see if any planning permish, etc)
If you're interested in this house, tell the Estate Agent, and ask him how much the vendor has accepted. Tell him you are interested if the first buyer drops out, then carry on looking at other places.
Unscrupulous people "gazump" at this stage, by offering the vendor a higher price. But you'd never do something like that, would you ?
2007-08-28 21:32:56 · answer #3 · answered by Anonymous · 2⤊ 0⤋
"Coffee" has the right answer!
Great Answer, "Coffee"!
At least that's the way its done here in the states.
Here in PA and some other states, the expression is "Under Agreement" OR "Under Contract".
AND NO ONE is supposed to "high ball" the offer. That means come in with a higher priced agreement of sale or contract.
Once the Seller signs, its a "done deal". UNLESS the Buy is unable to obtain financing. THEN the property might go back on the market.
Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading my answer. Thanks to everyone for reading my answer.
I wish you well!
VTY,
Ron
2007-08-29 00:51:19 · answer #4 · answered by Ron Berue 6 · 0⤊ 0⤋
Someone has made an acceptable offer - but it's still in the getting mortgage, searches done, etc. It could come back on the market if it all goes wrong. The estate agents aren't actively marketing it at the moment.
2007-08-28 21:25:00 · answer #5 · answered by Sal*UK 7 · 2⤊ 0⤋
It means that someone has made an offer and the seller is considering it. When the estate agent put's up the sign saying the house is under offer, he is essentially inviting people to make better offers.
2007-08-28 21:24:17 · answer #6 · answered by Anonymous · 1⤊ 2⤋
It means that someone has put in an offer which the seller is considering. The estate agent putting up such a sign is saying to people who may be interested that they had better hurry up if they want to put in a better offer.
2007-08-28 21:32:29 · answer #7 · answered by coffee 5 · 2⤊ 1⤋
Further to Amsterdams answer you can ask an estate agent how much the vendor has accepted, but in actual fact the agent should not pass on that information.
2007-08-28 21:40:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Someone wants to buy it
2007-08-28 22:34:47 · answer #9 · answered by My H 3 · 0⤊ 0⤋