 If a house is bought while single, then one gets married, if house is sold, will spouse be entitled to profit? |
| I purchased a home when I was single, got married, never changed deed over to married name or added spouse to the deed. If the home is sold, does my spouse have legal rights to the proceeds?... |
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 What's a buyers realtor do for the buyer when the house is being sold without a realtor? |
| We found a house we want to purchase. The house is listed for sale by the owners. The gf is wanting to use a realtor to help with the purchase of the house. what exactly would they do? we are ... |
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 Is it pointless to put extra money towards mortgage if planning to move in the next year or two? |
| My husband and I are planning to move soon. I say that extra payments at this point are akin to putting money under the mattress. He thinks we will get more than we put in when we sell. We ... |
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 Just recieved house from a family member that has passed? |
| we recieved a house from a family member, completely paid off. its worth between 200 thou and 250. me and my fiance both have credit issues. my question is that we both would like to have a new ... |
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 Does a landlord have the right to tell you to "move out" because he doesn't like you asking for repairs? |
| My landlord told me by phone to "not say anything" with the city inspector comes. I assume the city inspector would come alone, not with the landlord when doing the inspection. There are ... |
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 What is a mortage? |
| I still have a hard time understanding what a mortage is!... |
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 First time renting help? |
| im 17 at the moment but in about 2 years time i want to rent a flat with my friend can i hav some facts and advice please. i currently hav no job at the moment but plan to when i finish college next ... |
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 Has anyone ever sold a house to National Home buyers ? |
I believe they make you a cash offer ,however they ask for an upfront fee before they even come out to look at the house.
Is this a scam because they offer a really bad price or just to ensure ... |
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 Real estate investing question? |
| If I put a down payment on a house, can I immediately begin renting it out, using that rent to help pay down the mortgage? Is this feasible or am I missing some dynamic? There must be a downside. P... |
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 What are my rights when buying a house? |
| I am buying a house i UK. I have already signed the contracts and made a deposit of 5% of the mortgage through my sollicitor. I was told I will get the keys to the house as soon as I do this.After ... |
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 We are renting to own a home and Landlord has told us that his homeowners insurance has gone up to $625.00? |
| monthly. Our monthly payment with this increase is $2150.00 per month. I am a Stay at home Mom and we can not afford this!! He told us to try to get our own coverage when we moved in 2 months ago ( ... |
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 Can the landlord keep my stuff and let other renters use it, if they never gave me a chance to go and get it? |
| My boyfriend and I were out of town for a month. We gave the rent money to a friend who was staying there to watch our cat while we were gone. She ended up not paying it so we got an eviction ... |
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 Can I sue my Landlord?!?!? |
| Okay, so here is the deal. I came home from my father in-laws house fixing an computer problem for him to come back to my place to notice and pretty big crack in my ceiling. Looking at the crack I ... |
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 Can I afford this Apartment? |
| Its really nice its 2 bed room for $1600. I make about $3000 a month as a nurse. Cell phone is $100. car payment is $260 insurance is $145. Tv and internet is $135. The website says the apartment ... |
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 Is my friend entitled to housing benefit.? |
| A friend of mine has never worked and has two grown up children living at home,her husband has just walked out on her.Will she be able to claim housing benefit.The rent is paid for the next month,but ... |
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Scott C | Can you get out of an oral offer to purchase home? |
I'll try to make this short. We do not have an agent, seller does have an agent. His contract with his agent expires in 2 months. We orally offered "X", seller accepted, and we agreed that we would do this when his contract with his agent expires (so he can obviously make more $$).
We have now found a similar house we like, for less money, to which we want to make an offer. Is our oral agreement with seller #1 legit, or can we do as we please since nothing was in writing at all...? |
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Landlord
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You have no offer, you can do whatever you want. |
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betotron don
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no writing/no deal |
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Marysue
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There’s no such think as an oral contract in real estate. It’s either written or it doesn’t exist.
You made the right choice walking away from this guy. If too stupid to realize his listing agent would still have been entitled to commission from your sale because you initially saw it during the listing, who knows what other legal corners he would have tired to cut with you! |
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maxmom56
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Your offer is worth the paper it's printed on - nothing. |
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quizzard123
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A verbal offer is pretty much worthless, that's why they have those long offer agreements in real estate transaction.
It's worth pointing out that your offer was probably not going to work anyway, because the seller's agent would be entitled to the commission on any transaction where the person saw and agreed to buy within the contract period, even if the tranaction only formally occurred afterward. Just trying to do that makes you and the seller pretty suspect in my books.
So you short answer is that they cannot enforce this verbal, possibly fraudulent deal.
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rtfm
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Your oral offer is worthless, although if I were the seller, I'd be extremely annoyed with you.
If I were the seller's agent, I'd be even *more* annoyed -- except for the fact that if the agent is the one who initially showed you the house, she would be owed her commission on the sale anyway, even if you didn't submit your formal offer until after her contract with the seller had expired. (The seller should read his contract more carefully and I'm sure he'll see that in there somewhere. It's pretty standard.)
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Expert Realtor
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You are not obligated to anything.
Oral real estate contracts are NOT binding in ANY state.
He can't do a thing about it.
Go shopping! |
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JOHN A
 |
verbal agreement is just that. can not hold up under a court of law. |
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I Buy And Sell Houses
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Look. What goes around comes around. The seller tried to shaft his real estate agent, and you're trying to shaft him. You tried to shaft the real estate agent, and now you may get shafted by the seller.
I'm not a lawyer, so this isn't legal advice. However....
Here's the deal. An oral contract in real estate is legal but it is not enforceable. So, while you have a contract to purchase the property (orally), there's no way that contract can be enforced. So, you can "do as we please."
A few points, though: Real estate listing agreements generally include a certain period after the expiration during which the seller still owes the commission if someone who viewed the property during the listing agreement purchases. That's often either 30 days or 60 days. So, the seller might still have been on the hook for the commission.
Second: You should always have your own agent. It doesn't cost any more, and there are various benefits.
Third: You're mighty generous, all concerned that the seller can make more money.
Still, your answer is that you can proceed on; the agreement you had with the seller is not enforceable. |
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