Would you present a verbal offer to your seller?
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
"Would you present an offer you received verbally to your seller?"Whether another agent or a potential buyer, if they call you with an offer, what you do with it?HOW DO YOU KNOW IF A VERBAL OFFER IS REAL?The toughest thing with a verbal offer is that the buyer can change their mind without recourseIS A VERBAL OFFER BINDING?in virtually all states verbal offers are not binding, they need to be in writing and accompnied by a earnest money deposit.DO YOU CONTACT YOUR SELLER WITH A VERBAL OFFER?I would not call my seller with that offer, i would encourage the buyer broker to write the offer on a purchase and sales agreement, get the buyers signature and a deposit check, they could scan and email it to me or fax it it as well for me to present immediately.If it was a buyer i would tell them...