A handshake IS NOT binding! In today's times there needs to be all terms in writing by all parties to be binding.
If you think doing a verbal offer until all terms can be met -- not a very good idea. If a buyer puts the offer in writing, it makes the buyer look more serious about the purchase. If not, they be "fishing" to see what amount you really would take.
As a listing agent, I advise the sellers to always respond to any verbal offers given --- please put this in writing, and I will present this.
No verbal offer is binding!
Joan Cox
Metro Brokers - House to Home, Inc.
Denver, CO 80237
720-231-6373
