


What happens if there is damage to the property between "sold stc" and completion?
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what does sold stc mean Informational
- What are the implications of a property being marked as "sold subject to contract"? Does "sold stc" mean the property is definitely sold?
- What legal formalities are required for assignment? What are the implications of a breach of contract by either the buyer or seller in a "sold stc" transaction?
- What constitutes a latent defect?
- What insurance might cover such events? What are the implications of the buyer's circumstances changing significantly between exchange and completion (e.g., job loss)?
- How are changes in law handled during a property transaction?
- What happens if there are delays in the "sold stc" process? What are the common causes of delays in a "sold stc" property transaction?
- What type of survey should a buyer obtain for a "sold stc" property with suspected structural problems?
- What are the common reasons for mortgage fund delays?
- What should a buyer consider regarding nearby green spaces when purchasing a "sold stc" property? What are the implications of local development plans on a "sold stc" property?
- What advice should a buyer seek if they are purchasing a property with a short lease that is "sold stc"?
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