Sometimes to avoid the back and forth amending of documents, agents on behalf of their clients will put a verbal in to the other party. This may happen for a variety of reasons.
For instance, you have client who is ready to buy with everything in check but insists on making an offer that has more of a possibility to be rejected. So you call the other agent and put in a verbal offer. The agent tells his or her seller what that offer is and seller absolutely says no. It gets relayed to the buyer and he/she knows either to change it or don't offer.
Unfortunately, verbal offers are not enforceable. Diligent and competent agents who receive offers verbal or otherwise must present all offers to the seller. It doesn't matter what that agent may feel towards the offer made. We present it to the seller. The seller may ask their agent for advice and so forth but ultimately its the seller's decision to respond. Once an offer is reduced in writing It is either accepted or its dead even if he counters, the original offer is dead in this case.
In the end, its always better to put it in writing!... more
I agree with you Pattie that at the last minute, I have had buyers financing fall apart. Please do what I and Dan have done and that is have it underwritten fully short of Title and Appraisal.
Diana Watson, Realtor®,MRP,SFR
Real Estate. Real Time. Real Simple.
Text “AVERY” to 87778 or visit app.averyhess.com to
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Let you lender lend. That is what his expertise is in. Leave taxes and such in the hands of trusted professionals like you have. Stay excited about the purchase of the home, in a few months this will all be behind you, you'll prove to be correct and when you are you can go back to this lender and show him all is well. Good Luck on the purchase and enjoy your new home.... more