2007-10-10 08:46:37 · 11 answers · asked by baby_face_paris 6 in Business & Finance ➔ Renting & Real Estate
Absolutely nothing, since you have nothing other than a verbal comment. Unless that offer is in writing, the offeror can walk away without ever speaking to you again. Hold on till this deal gets a bit more solid before you start celebrating.
2007-10-10 13:51:50 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
Verbal offers and 5.00 will buy you a cup of coffee at Starbucks.
"Statue of Frauds" states clearly "All offers for real property MUST be in writing.
Your Verbal offer is about as good as the paper it's written on.
Hope this helps.
Terry S.
http://www.Welcome2Arizona.com
2007-10-10 10:20:54 · answer #2 · answered by Terry S 5 · 0⤊ 0⤋
The above poster is right in that there is settlement except the two events have agreed in writing the revenues value. hence, they chosen to go with a buyer it rather is via default via no longer getting a house inspection first, "as is", it rather is of their suited pursuits and their perogative. in case you probably did no longer placed any earnest funds down and the financial company did no longer sign a settlement accepting that funds, then no settlement existed and additionally you have no damages and that they are unfastened to settle for any grant they go with to. the comparable might go in case you have placed down earnest funds and that they generic the grant and additionally you the two had signed the settlement - you would be tied to winding up that transaction despite in case you got here across a distinctive residing house you cherished greater valuable after the fact (presented you probably did no longer fail to qualify for financing on the residing house which could be a valid deal breaker).
2016-12-14 13:33:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No celebrating an offer - only celebrate when the deal is done & dusted, too many people pull out at the last minute
2007-10-10 08:53:35 · answer #4 · answered by FC 4 · 1⤊ 0⤋
All real estate contracts must be in writing. He can still walk away with no problems. Wait for a written contract, or, better yet, the closing.
2007-10-10 08:52:49 · answer #5 · answered by Ted 7 · 2⤊ 0⤋
I would still hold tight untill you have had the money in your account.
There is still time to get gazzumped. So don't go celebrating quite yet.
Good Luck though!!!!!
2007-10-10 08:52:51 · answer #6 · answered by ? 7 · 1⤊ 0⤋
Sit and try not biting your finger nails the show is not over till the fat lady sings
2007-10-10 08:58:16 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Not hold my breath till the contract are exchanged.
2007-10-10 08:59:36 · answer #8 · answered by Anonymous · 1⤊ 0⤋
keep your fingers crossed you get further than the verbal agreement!!
2007-10-10 08:51:53 · answer #9 · answered by Anonymous · 1⤊ 0⤋
Get it in writing, trust no-one.
2007-10-10 08:57:06 · answer #10 · answered by Anonymous · 1⤊ 0⤋