In plain English
This describes a stage in selling a property. A buyer has already made an offer for it. The sale is still not finished.
In context
Here, it indicates that the listed property has had an offer made on it, but the sale has not yet been completed.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- labels the property's offer-agreed stage on the listing.
Meaning limits
The term alone does not show that the sale will definitely go through.
Examples
“The cottage is under offer, but the keys have not changed hands yet.”
“When the listing switched to under offer, the other couple cancelled their viewing.”