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A property is under offer when a homebuyer has made a formal offer to purchase the property but the homeowner has not confirmed whether to accept.

If the offer is rejected then the property remains on the market until the next formal offer is made at which point the homeowner must again decide whether to accept the offer or reject it.

If the offer is accepted then it becomes 'Sold Subject to Contract' (Sold STC).

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17y ago

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