Terminology

Hi,

Anybody familiar with the legal significance of ‘sale agreed’? What criteria have to be met for a house purchase transaction to achieve the ‘sale agreed’ stage?

Merci! 8DD

There are none.

Means nothing legally, usually sale agreed is basically a handshake, and a refundable deposit with the estate agent,which funnily enough equals the EAs fees.

Been Sale agreed and then Un-agreed many times. Deposit returned, and no hassle.

Meaningless.