In plain English
This means the owner has agreed to a buyer's offer in principle. But the sale is not yet legally final, because no binding sale contract exists yet.
In context
In this role, it indicates that the listed property has an accepted offer and is in the period before completion when no legally binding sale contract yet exists.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- labels the listing's post-offer, pre-completion stage.
Meaning limits
By itself, this status does not mean the property sale is already legally completed.
Examples
“The flat was sold STC, although no legally binding sale contract existed yet.”
“When Maya called about the terrace, the agent said it was already sold STC.”