Since the market has slowed down I have been asked much more often to make a verbal low ball offer. Our state of Virginia like many others do not recognize verbal offers as offers that are enforceable. Even if you are serious a verbal offer just does not sound serious. A verbal offer just sounds - less than a real offer. And I am not talking about price.
I don't have a big problem presenting a low ball offer but I have a problem presenting an offer that is less than serious. I am just sayin' that a seller is very likely going to consider a low ball verbal offer as not a serious one because you are not serious enough to put it in writing. Besides why wouldn't you want to put it in writing? What if the offer was accepted would you want to get it in writing as soon as possible before someone else came a long and made the seller a better offer?
In an effort not to waste your time or anyone else's for that matter, be serious when making an offer no matter what it is and get it in writing.
If you or anyone you know is interested in buying or selling property in the Central Virginia, specifically Lynchburg area, please give me a call, email me or follow me @brokersaunders on Twitter.
Nannette Turner Saunders, Associate Broker
Short Sales Coordinator
Keller Williams Realty
1709 Laskin Road
Virginia Beach Va
Hi Nannette, you are right on about verbal offers. If a buyer isn't willing to take a few minutes to put on offer in writing, then they are obviously not serious.