Home › Forums › Closed Forums › Buying and Selling RE › Binding agreement via email–real estate attorney suggestions?
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November 24, 2009 at 8:05 AM #486647November 24, 2009 at 8:24 AM #486580SK in CVParticipant
I’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.
November 24, 2009 at 8:24 AM #486667SK in CVParticipantI’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.
November 24, 2009 at 8:24 AM #486207SK in CVParticipantI’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.
November 24, 2009 at 8:24 AM #486039SK in CVParticipantI’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.
November 24, 2009 at 8:24 AM #486898SK in CVParticipantI’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.
November 24, 2009 at 9:40 AM #486677sdduuuudeParticipantWalking away from the deal will cost you much less than a lawyer and may result in the same effect – they’ll come back to your price.
November 24, 2009 at 9:40 AM #486049sdduuuudeParticipantWalking away from the deal will cost you much less than a lawyer and may result in the same effect – they’ll come back to your price.
November 24, 2009 at 9:40 AM #486216sdduuuudeParticipantWalking away from the deal will cost you much less than a lawyer and may result in the same effect – they’ll come back to your price.
November 24, 2009 at 9:40 AM #486590sdduuuudeParticipantWalking away from the deal will cost you much less than a lawyer and may result in the same effect – they’ll come back to your price.
November 24, 2009 at 9:40 AM #486908sdduuuudeParticipantWalking away from the deal will cost you much less than a lawyer and may result in the same effect – they’ll come back to your price.
November 24, 2009 at 10:05 AM #486697urbanrealtorParticipant[quote=SK in CV]I’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.[/quote]
THe email part would be binding if accepted by both parties.
If things are verbal then there is just too much room for misunderstanding. The written part (whether on a pre-printed real estate form or in an email) gives a clarity that the verbal part lacks.So I am assuming you are buying this?
Is the agent you mentioned representing the seller, or the buyer or both?Is this a new home or a resale?
It might be worth your time to speak with an agent that you trust (or at least who has nothing to gain by screwing you).
Good luck.
November 24, 2009 at 10:05 AM #486610urbanrealtorParticipant[quote=SK in CV]I’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.[/quote]
THe email part would be binding if accepted by both parties.
If things are verbal then there is just too much room for misunderstanding. The written part (whether on a pre-printed real estate form or in an email) gives a clarity that the verbal part lacks.So I am assuming you are buying this?
Is the agent you mentioned representing the seller, or the buyer or both?Is this a new home or a resale?
It might be worth your time to speak with an agent that you trust (or at least who has nothing to gain by screwing you).
Good luck.
November 24, 2009 at 10:05 AM #486928urbanrealtorParticipant[quote=SK in CV]I’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.[/quote]
THe email part would be binding if accepted by both parties.
If things are verbal then there is just too much room for misunderstanding. The written part (whether on a pre-printed real estate form or in an email) gives a clarity that the verbal part lacks.So I am assuming you are buying this?
Is the agent you mentioned representing the seller, or the buyer or both?Is this a new home or a resale?
It might be worth your time to speak with an agent that you trust (or at least who has nothing to gain by screwing you).
Good luck.
November 24, 2009 at 10:05 AM #486069urbanrealtorParticipant[quote=SK in CV]I’m not a real estate attorney but…
And ignoring for the moment the whole e-mail part of it…
Unlike many other kinds of transactions, in order to be binding, real estate contracts must be in writing. If the written agreement does not include the final agreed upon consideration (price, etc.), there is no “meeting of the minds” (one of the other requirements for a contract) in writing. You don’t have a binding contract.[/quote]
THe email part would be binding if accepted by both parties.
If things are verbal then there is just too much room for misunderstanding. The written part (whether on a pre-printed real estate form or in an email) gives a clarity that the verbal part lacks.So I am assuming you are buying this?
Is the agent you mentioned representing the seller, or the buyer or both?Is this a new home or a resale?
It might be worth your time to speak with an agent that you trust (or at least who has nothing to gain by screwing you).
Good luck.
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