UK
Under offer
Under offer means a buyer has made an offer that the vendor is considering, or has accepted in principle, and the property is not yet sold subject to contract.
Also called UO.
How agencies use the label
Practices differ. Some branches mark a property under offer as soon as an offer is being put to the vendor, and move it to SSTC only when the offer is accepted and a memorandum is sent. Others treat the two labels as the same. Say which you mean in the vendor update, so the vendor is not told the sale is further along than it is.
Viewings while it is under offer
Ask the vendor before you book more viewings. Some want backup interest in case this buyer withdraws. Others want the property left alone. Record the instruction. Do not imply to a new viewer that they can displace an accepted offer without the vendor’s say-so.
Questions
What does Under offer mean?
Under offer means a buyer has made an offer that the vendor is considering, or has accepted in principle, and the property is not yet sold subject to contract.
General information for agency staff, not legal advice. Rules and local practice change. Check the official source before you rely on a definition in a client letter.