What Does “Under Offer” Really Mean (and Can Buyers Still Compete)?
If you’ve ever seen a property marked Under Offer and wondered, “Is it already sold?” — you’re not alone.
This label causes more confusion (and missed opportunities) than almost anything else in real estate. So let’s clear it up properly.
What “Under Offer” Actually Means
When a property is Under Offer, it means:
A seller has accepted an offer in principle
The sale is not yet unconditional
There are usually conditions still to be met
Common conditions include:
Finance approval
Building & pest inspection
Sale of another property
Until those conditions are satisfied, the deal can still fall over.
Is the Property Sold Once It’s Under Offer?
Short answer: No.
Longer answer:
The property is committed, but not completed.
In WA, a sale only becomes unconditional once all conditions are met or waived. Until then, the seller may still consider other interest — especially if:
Finance is delayed
Conditions are lengthy
The offer is weak or uncertain
Can Buyers Still Make an Offer?
Yes, in some situations.
Sellers can:
Accept a backup offer
Use additional interest as leverage
Reassess if conditions aren’t progressing
That said, strong agents handle this carefully to avoid unnecessary stress or legal issues.
Why Deals Fall Over More Than People Think
Under-offer properties can fall through due to:
Finance issues
Low bank valuations
Building or pest problems
Changes in buyer circumstances
This is why serious buyers should never assume a property is completely gone.
What Should Buyers Do If a Property Is Under Offer?
Smart moves include:
Asking about the strength of the current offer
Checking condition timelines
Being ready to act quickly if needed
Some buyers secure great homes simply by staying engaged.
What It Means for Sellers
For sellers, Under Offer is a positive step — but not the finish line.
Good agents:
Track condition deadlines closely
Maintain buyer interest
Keep options open without overplaying their hand
The goal is certainty, not just speed.
Final Word
Under Offer doesn’t mean off the market forever — but it does mean timing and communication matter.
Whether you’re buying or selling, understanding this stage helps you make smarter decisions and avoid missed opportunities.
