Making multiple (verbal) offers on 3 different properties? Ethical? Unlawful?

Discussion in 'The Buying & Selling Process' started by David Chang, 28th Oct, 2016.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Consideration doesn't need to be monetary.
    Contracts can be verbal - but not enforceable against land unless in writing.
     
    Terry_w, 28th Oct, 2016
    #21
    Perthguy likes this.
  2. New2prop

    New2prop Well-Known Member

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    I just mentioned that the broker is fine with you making offers on other props while he is still taking offers for the current one. Until a written contract is mutually agreed, there is nothing binding as subsequent messages have mentioned. Btw, I am a beginner and happy to be corrected.
     
    New2prop, 29th Oct, 2016
    #22
  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    Absolutely. And making offers on different properties gives you (the buyer) some power over the vendors. If the vendor doesn't like your price you can just say you'll instead buy property x instead of yours.
     
    Gockie, 29th Oct, 2016
    #23
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Didnt you read my posts above?
     
    Terry_w, 29th Oct, 2016
    #24
  5. Magoo

    Magoo Well-Known Member

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    Any decent agent worth their weight in QLD would not accept a verbal offer. Load it up with conditions in the inner to some middle ring suburbs and you'll go to the back of the line.
     
    Magoo, 29th Oct, 2016
    #25
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  6. Azazel

    Azazel Well-Known Member

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    Indeed. I can't remember an agent ever taking a verbal offer up here.
    Even in wacky regional areas.
     
    Azazel, 29th Oct, 2016
    #26
    Magoo likes this.
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