In plain English
This means the seller has accepted a buyer's offer for the property. The deal has been agreed, but the legal sale is still not complete.
In context
In this purchase workflow, it indicates that the property has reached the point where the seller has accepted the buyer's offer but the sale is not yet legally complete.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- marks the sale as agreed in the purchase workflow.
Meaning limits
By itself, this status does not mean the property sale has been legally completed.
Examples
“The seller accepted an offer on the bungalow, so it is sale agreed, but the legal transfer has not been completed yet.”
“With the flat now sale agreed, the buyer and seller waited for the legal work to finish.”