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15/06/2026

🏡 Property Terminology | Completion

You've exchanged contracts... so what happens next? 👀

Completion is the final stage of the property purchase process — the day the property officially becomes yours! 🔑🏠

On completion:
✔️ The remaining purchase funds are transferred
✔️ The buyer receives the keys
✔️ Legal ownership officially changes hands
✔️ The property is registered with HM Land Registry

This is the moment all the hard work pays off and you can finally move in! 🎉

Follow for straightforward property jargon explained simply 📚

12/06/2026

🏡 Property Terminology | Exchange

What does “Exchange” mean when buying a property? 👀

Exchange of Contracts is the stage where the signed contracts are officially swapped between the buyer and seller — making the sale legally binding. 🔑

At exchange:
✔️ Contracts are signed by both parties
✔️ The buyer's deposit is paid
✔️ A completion date is agreed
✔️ Neither party can withdraw without significant financial consequences

It's one of the biggest milestones on the journey to owning a home! 🏠

Follow for straightforward property jargon explained simply 📚

11/06/2026

🏡 Property Terminology | Guide Price vs OIEO vs OIRO

Confused by property pricing terms? 👀

📍 Guide Price – An estimated marketing price designed to attract interest.

📍 OIEO (Offers In Excess Of) – The seller is looking for offers above the stated price.

📍 OIRO (Offers In Region Of) – The seller expects offers around the stated price.

Understanding these terms can help you make a more informed offer and navigate the property market with confidence. 🔑

Follow for simple property terms explained clearly 📚

10/06/2026

🏡 Property Term Explained: OIRO

OIRO = Offers In Region Of 📍

If a property is listed at OIRO £250,000, the seller is looking for offers AROUND that figure.

Unlike OIEO (Offers In Excess Of), OIRO suggests the seller may be open to negotiating slightly below or above the asking price. 🤝

It's often a sign that the asking price reflects the seller's realistic expectation of the property's value.

Understanding these property terms can help you make more informed offers and avoid overpaying. 💡

Follow for more UK property tips and jargon explained!

09/06/2026

🏡 Property Term Explained: OIEO

OIEO = Offers In Excess Of 💰

If a property is listed at OIEO £250,000, the seller is looking for offers ABOVE that figure. 📈

It doesn't mean you can't offer less, but the seller's expectation is higher than the advertised price.

Thinking of buying your first home or investment property? Understanding estate agent jargon can help you make smarter offers. 👌

Follow for more UK property tips and terminology explained!

08/06/2026

🏡 What does “Guide Price” actually mean? 🤔

A Guide Price is an estimated value used to attract buyer interest — it’s not a fixed selling price.

📍 The property could sell:
✅ Below the guide price
✅ At the guide price
✅ Above the guide price

Think of it as a starting point, not a guarantee.

If you see a property listed at a Guide Price of £250,000, the seller isn't necessarily agreeing to sell for that amount — it simply indicates the expected price range.

💡 Property jargon can be confusing, but understanding terms like this can help you make smarter buying decisions.

05/06/2026

🏠 UNDER OFFER ≠ SOLD

An offer has been accepted ✅

But the legal process is still underway 📑

The sale only becomes legally binding once contracts are exchanged 🔑

Follow for more property jargon made simple! 👀

04/06/2026

🏡 Property term of the day: STC 👀

Seen a property listed as STC and wondered what it means?

STC = Subject to Contract ✍️

This means:
✅ The seller has accepted an offer
❌ The sale isn't legally binding yet

There’s still plenty to happen before the property officially changes hands:
📋 Searches
🏠 Surveys
💰 Mortgage checks
⚖️ Legal work

Until contracts are exchanged, the sale can still fall through.

So, STC doesn't mean "sold" — it means the sale is currently progressing through the legal process. 🔑

Follow for more property jargon explained in plain English!

03/06/2026

🏡 What does SSTC actually mean? 🤔

SSTC = Sold Subject to Contract ✅

It means an offer has been accepted, but the sale isn't legally complete yet.

Before the keys change hands, there's still:
📋 Property searches
🏠 Surveys
💰 Mortgage approval
✍️ Legal paperwork

Until contracts are exchanged, either the buyer or seller can still pull out of the deal.

So if you see "SSTC" on a property listing, it's not quite sold yet — it's in the final stages of the buying process. 🔑

Follow for more property tips and jargon explained! 👇

01/06/2026

Trusted support. Reliable service. Stress-free property management 🏡✨

We’re incredibly grateful for this amazing 5⭐ review from Khrishna and for trusting SevenLiving over the past two years 🙌

From responsive communication to smooth lettings support, our team is committed to making the rental process simple and hassle-free every step of the way.

A special thank you for recognising Ava & Arvind for their dedication and professionalism 💙

Looking for a dependable property management team?
📩 Get in touch with us today

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Website

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