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Sold STC and Reserved properties

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.

It may still be worth contacting the estate agent to discuss the strength of the accepted offer, particularly as there is no legal obligation on homeowner or homebuyer to complete the sale. On average about 15% of Sold STC properties come back on the market after the sale has failed to proceed.

The house buying and selling system in Scotland is slightly different in that once offers are made they are legally binding if accepted; there is no 'subject to contract' stage. However the concluding paperwork (known as missives) may in rare cases fall through hence we use Sold Subject to Conclusion of Missives (Sold STCM).

Reserved

A new build property is reserved when a homebuyer has paid a reservation fee to acquire it. The homebuyer generally has a period of 28 days to exchange contracts from reservation date although this can change according to developer. If they don't complete contracts the property becomes available again.

Reserved properties are generally withdrawn from sale and are often not subject to any price increases.

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    Low Skellgate

    Ripon

    North Yorkshire

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    Jamesville Way

    Asenby

    Thirsk

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  • £845,000

    Woodacre Crescent

    Bardsey

    Leeds

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  • £325,000

    Clifford Moor Road

    Boston Spa

    Wetherby

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    Beech Street

    Harrogate

    North Yorkshire

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    Baden Street

    Harrogate

    North Yorkshire

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  • £200,000

    Princess Royal Road

    Ripon

    North Yorkshire

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    Eavestone Grove

    Harrogate

    North Yorkshire

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    Grewelthorpe

    Ripon

    North Yorkshire

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    Ashburn Close

    Wetherby

    West Yorkshire

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    Manor Chase

    Long Marston

    York

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