Buyer's realtor claims we have verbal acceptance (clause, negotiating, accept)

[manderly6]

Originally Posted by Bill Keegan

For the record, verbal contracts for the sale of real estate are perfectly valid & legal, at least in New Jersey. The difficulty is that they are often unenforceable.

Is that not covered under "statue of frauds"? Would it ever be enforceable?

Seems kind of pointless in residential RE in NJ anyway since during attorney review either side can cancel for any reason.

EDIT: Never mind on the first question. I see that was amended at some point to exclude real estate.

[Bill Keegan]

Originally Posted by manderly6

Is that not covered under "statue of frauds"? Would it ever be enforceable?

Seems kind of pointless in residential RE in NJ anyway since during attorney review either side can cancel for any reason.

EDIT: Never mind on the first question. I see that was amended at some point to exclude real estate.

A verbal contract would be sort of pointless in most cases, I agree. I was just correcting the notion that it was invalid.

[SunBeachFun]

Originally Posted by Bill Keegan

A verbal contract would be sort of pointless in most cases, I agree. I was just correcting the notion that it was invalid.

What really puzzled me is that I never verbally agreed to anything!

[manderly6]

Originally Posted by SunBeachFun

What really puzzled me is that I never verbally agreed to anything!

Even if you did the other agent is still an idiot if she thought that tactic would be successful.

[Georgianbelle]

Is an email binding?

[Bill Keegan]

Originally Posted by SunBeachFun

What really puzzled me is that I never verbally agreed to anything!

Wait, did you, or didn't you? The last paragraph of your OP starts with

So now, I have verbally accepted the revised terms from buyer #1

[manderly6]

Originally Posted by Bill Keegan

Wait, did you, or didn't you? The last paragraph of your OP starts with

I believe she meant from buyer #2. They are the one claiming verbal agreement.

[azcater]

Verbal means nothing

[Rakin]

Originally Posted by Georgianbelle

Is an email binding?

Lately our attorneys have been saying yes it can be and to be careful what we put into our emails. Especially acceptance of an offer.

[Electrician4you]

Unless you have a signed contract in your hand you don't have anything