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Trulia Dallas, Home Buyer in Dallas, TX

When buying or selling, which verbal agreements (if any) can be considered binding?

Asked by Trulia Dallas, Dallas, TX Thu Feb 21, 2013

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They're all binding, and none of them are enforceable.

Look. Between you and me, we say something to each other, we hold each other to it. We ask a third party, like a judge, to adjudicate - they're going to want to see some evidence. This is why in almost every state, real estate agreements must be in writing: so that a judge can review the contract and the attorneys can argue about the wording.

The purpose of a contract isn't to bind us to one another - we can shake hands on the matter; it's so that third parties such as lenders and escrow agents and judges can determine whether we have fulfilled the terms of our agreements.
1 vote Thank Flag Link Thu Feb 21, 2013
nothing can be verbal. TREC requires everything to be in written agreement to be enforecable.

Dixon
1 vote Thank Flag Link Tue Feb 26, 2013
It the agreement involves the the sale / purchase of real estate, the Statute of Frauds requires the agreement to be in writing to be binding and enforceable.
1 vote Thank Flag Link Thu Feb 21, 2013
As the others have said, nothing beats getting it in writing. Even if you think you have a verbal agreement, when you go to sign paperwork, make sure to read carefully and always look for the fine print that says that any verbal agreements are trumped by what you're signing. Most people are honest and stick to their word, but you never know. Better safe (and in writing) than sorry (and out of luck).
1 vote Thank Flag Link Thu Feb 21, 2013
It's simple, get it in writing and signed by both parties.
1 vote Thank Flag Link Thu Feb 21, 2013
None but I found most Texans kept their words.
1 vote Thank Flag Link Thu Feb 21, 2013
WHO be that CRAZY ! ... are you kidding me ... not in writing it never happened. If there is a dispute the Judge not be able to render an opinion based on terms and conditions for a verbal agreement.

Lynn911 Dallas Realtor & Consultant
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0 votes Thank Flag Link Thu Feb 21, 2013
None, but when people make verbal agreements and don't follow through, the other party may hold up the closing until the other party performs, so watch out Trulia Dallas.

Beau Beasley
Coldwell Banker
0 votes Thank Flag Link Thu Feb 21, 2013
None. Only in writing.

Kenny
Turtle Creek Realty
0 votes Thank Flag Link Thu Feb 21, 2013
None that I'm aware of! Best to consult with an attorney when there are contractual disputes that can't be resolved between brokers.
0 votes Thank Flag Link Thu Feb 21, 2013
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