Why Verbal Offers Mean Nothing in Real Estate
Buying a home is often a deeply emotional experience. It is the place where you imagine planting roots, building memories, and creating a life. So, when you are told your offer has been accepted on your dream home, it is hard not to get excited. But here is the reality in real estate: if it is not in writing, it does not exist.
I recently heard from a reader who believed they had their offer accepted on a beautiful home. They were told by their real estate agent that the sellers accepted their offer and even received instructions on where to drop off the earnest money. Naturally, they celebrated. Less than two hours later, that celebration turned into devastation. It turned out that only one of the two sellers had signed off, and the other wanted to wait and see if a better offer came in. What followed was a whirlwind of confusion, emotional strain, and ultimately, the loss of what they thought was their new home.
This story may sound outrageous, but unfortunately, it is all too common. Real estate deals are not legally binding until both parties have signed the purchase agreement. A verbal agreement, a handshake, or even an enthusiastic “yes” from an agent does not make it a done deal. Until all signatures are collected and the agreement is executed, the seller is under no obligation to you. As harsh as it sounds, this is business.
This is why my number one rule in real estate is simple: everything must be in writing. If a seller says they accept your offer, ask to see the signed agreement. If an agent promises something, request a written addendum. Do not wire earnest money. Do not schedule inspections. Do not start packing your boxes. Do nothing until you see a fully signed contract.
It is also important to remember that both buyers and sellers are allowed to consider multiple offers until a contract is in place. You might feel like the rug was pulled out from under you, and emotionally, it probably was. But from a legal standpoint, no agreement means no commitment. This can be infuriating, especially when it feels like the listing agent is playing games or withholding information, but again, without signatures, there is no obligation.
If you ever find yourself in a situation where you are told your offer was accepted but have no written agreement to show for it, pause and do nothing. Push for clarity. Ask for confirmation in writing. Protect yourself. Because once emotions get involved and expectations rise, the fall is much harder when things unravel.
Final Thoughts
Buying a home is one of the biggest investments you will ever make. Do not rely on promises. Do not take anyone’s word at face value. Make sure everything is in writing, signed by all parties, and reviewed by your real estate agent or legal counsel.
Thinking of buying a home? Let me connect you with a vetted and trustworthy real estate agent who will protect your interests every step of the way. Avoid the pitfalls. Get the guidance you need from someone who puts everything in writing and puts your interests first. Reach out today and I will introduce you to an expert in your area.
