Hi all, just made a verbal agreement to a property I wanted to buy yesterday but just today found something better and as a result want to pull out. I havent put any form of deposit down, just made a offer which has been accepted. I hate to do this but is it o.k for me just to pull out, am I liable for any costs or do verbal agreements means nothing?
Cmon guys please I would really appreciate some assistance here?
Hello Blogs
Why don’t you ring up your solicitor and ask. I honestly don’t know the answer and can well imagine that everyone is hesitating for fear of giving you the wrong information.
Good luck
ElkaThanks, its just I thought it would be a pretty clear cut thing-I figured since I havent even put a holding deposit down or signed anything that I should be able to easily walk away?
From my experience, an experienced agent will be getting you to sign almost immediately after the vendor accepts the offer to ensure the deal is sealed.
As far as I can tell there wont be much recourse from the vendor if you withdraw your offer. More so the agent will kick themselves for not getting you to sign
.Mathew
http://www.arrttt.com
Custom Oil PortraitsIf nothing is in writing you are fine. It’s agents job to have offer in writing ASAP. If you want to confirm check with REI in your state.
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