As with any legally binding contract, you should seek legal advise from an active lawyer versed on real estate law before proceeding with any decisions/actions. However, when it comes to the sale of real property, the Statute of Frauds stipulates that contracts must be in writing in order for them to be enforceable. As such, if the parties involved in the verbal exchange do not have anything in writing to capture their offer/acceptance, then it is likely unenforceable. Keep in mind that even an email capturing the offer changes this as it puts the information in writing making it an enforceable matter.
This is why it is so important to keep a written record of all agreements and ensure that it is shared with both parties.
NAPLES REAL ESTATE BLOG
This section will not be visible in live published website. Below are your current settings:
Current Number Of Columns are = 2
Expand Posts Area =
Gap/Space Between Posts = 7px
Blog Post Style = card
Use of custom card colors instead of default colors = 1
Blog Post Card Background Color = current color
Blog Post Card Shadow Color = current color
Blog Post Card Border Color = current color
Publish the website and visit your blog page to see the results
©2019 All Rights Reserved
The source of this real property information is the copyrighted and proprietary database compilation of the © 2020 M.L.S. of Naples, Inc. and © 2020 Renee Hahn, Realtor, William Raveis Real Estate. Accuracy of this information is not warranted or guaranteed. Information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Our Web site Accessibility: We are committed to providing an accessible web site. If you have difficulty accessing content, have difficulty viewing a file on the web site, or notice any accessibility problems, please contact us to specify the nature of the accessibility issue and any assistive technology you use. We will strive to provide the content you need in the format you require.