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Verbal offers

Discussion in 'The Buying & Selling Process' started by Rocko, 26th Sep, 2015.

  1. Rocko

    Rocko Member

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    25th Sep, 2015
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    Location:
    NSW
    In NSW if an offer is submitted to an agent, the agent has a legal responsibility to pass that offer on to the vendor.
    I have just made a verbal offer to an agent in Qld. Are Qld agents required to submit verbal offers to vendors?
    Thanks in anticipation.
     
  2. wylie

    wylie Moderator Staff Member

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    I don't know the legal answer, but why not just put in a contract. That is a real offer that can be signed and sealed with the addition of the vendor's signature. A verbal offer is not worth the paper it is (not) written on.
     
    Propertunity likes this.
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Agree with Wylie - out it on paper. I don't recall a client ever having a verbal offer accepted on a QLD purchase. You can list conditions (subject to finance, building and pest inspections, etc) to mitigate risk.

    Cheers

    Jamie
     
  4. shorty

    shorty Well-Known Member

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    straya
    Verbal offers aren't worth the paper they're printed on
     
  5. Richard Taylor

    Richard Taylor Mortgage Broker & Brisbane Buyers Agent

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    20th Jun, 2015
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    Location:
    Brisbane
    I would never take a verbal offer to a vendor.

    Sign a Contract and lay out the terms and conditions or don't bother.

    Cheers


    Richard
     
  6. See Change

    See Change Timing Lord Premium Member

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    2,140
    Location:
    Sydney
    When we bought in q'land in 2002-2003 we only made verbal offers and signed once agreed .

    Been buying again since 2013 and every one wants written offers , so written offers .

    At least your agent is talking to you . We're wanting to make an offer on a property and so far one week after we asked for a copy of the contract they haven't got back to us . Could be part of the reason why it's been on the market for over six months.:rolleyes:

    Cliff