What does STC actually mean?

The official completion of the sale necessitates the execution of necessary paperwork and contracts. These documents outline the terms and conditions of the transaction, ensuring that both parties are aware of their rights and obligations.

The term "Sold STC" signifies that a property has received an offer which has been accepted by the seller. This indicates a preliminary agreement has been reached, marking the beginning of the sale process.

However, it's crucial to understand that the sale is not yet legally binding at this stage. The phrase "subject to contract" highlights this fact, emphasizing that the completion of the sale depends on the fulfillment of certain conditions outlined in the contract.

In some instances, estate agents may opt to use the term "sale agreed" interchangeably with "sold STC." While both expressions convey similar meanings, they highlight different aspects of the sale process.

"Sale agreed" focuses on the mutual understanding and agreement between the buyer and seller, while "sold STC" emphasizes the conditional nature of the sale pending the completion of contractual obligations.