Under Offer Meaning
Under Offer Meaning. When a real estate listing says it's “under contract,” that means a buyer has made an offer and the seller has accepted. The reason why it gets marked as under contract or offer, before the sold sticker goes up, is because there may be some conditions to the offer that need to be finalised before the buyer goes ahead unconditionally with the sale.
Under ˈoffer ( british english ) if a house or building is under offer, somebody has agreed to buy it at a particular price: When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal. An offer is usually understood as a proposal.
Under offer (uo) means that a buyer has made an offer (usually under the asking price) and the owner is considering whether or not to accept that offer.
But it doesn’t mean the deal is done yet. “under offer” means that an offer has been accepted on the house, but there are conditions that need to be met before they can mark it as 100% sold, such as subject to finance or a building and pest inspection. It does, however, have a significance to solicitor/estate agents as it relates to law society guidelines that are designed to prevent gazumping in scotland.
Under offer definitions and synonyms.
They’ve already sold two of their. Both are used once a seller has accepted an offer from a buyer and the two parties are under contract. The day after the announcement, a target company’s shares trade below or at a discount to the offer price, which is attributed to the uncertainty of and time needed for the offer.
Under offer uk if a house is under offer, someone has already suggested a particular price at which they would be willing to buy it.
Under contract means you’re closer to homeownership. The whole process of entering into a contract starts with a proposal or an offer made by one party to another. Although someone may have beaten you to the punch and submitted an offer, that doesn’t mean you’re entirely out of luck!
To enter into an agreement such a proposal must be accepted.
The vendor cannot accept any other offers at this time. Under offer means a buyer has put forward an offer and the seller is currently considering it. Under ˈoffer ( british english ) if a house or building is under offer, somebody has agreed to buy it at a particular price:
What does under offer mean?
Seeing an under offer notification on your dream property can be crushing. An offer is usually understood as a proposal. It is a term often used by estate agents when marketing or advertising a property.
