Why a written offer is better than a verbal offer. 

Occasionally, we’re asked, “Can we just make a verbal offer until we finalize something in writing?” In most cases, I strongly advise against it. Here’s why verbal offers are generally not a good idea:

Lack of Seriousness: A verbal offer can come across as insincere. If you’re not willing to put your offer in writing, why should the seller take you seriously? Some sellers have told me, “I will only respond to written offers.”

Invalidity: A verbal offer is not legally binding. Even if a seller verbally accepts your offer, they are free to accept a better one from someone else if it comes along.

Efficiency: With digital signing, submitting and signing offers or counteroffers can be done quickly and efficiently.

There are a few situations where a verbal offer might be appropriate, such as:

Finalizing Details: If you’ve already made a written offer and are just working out minor details, like the possession date.

Negotiating Inclusions: If you’re discussing one or two specific inclusions.

Verbal offers might also be considered in unique circumstances, such as:

Extended Possession: When the possession date is six months away.

Conditional Offers: If the offer is contingent on the sale of a house and you want to gauge the seller’s willingness to consider that condition.

Your REALTOR should be willing to take the time to put your offer in writing for you.