Get it in writing, get it in writing, get it in writing!

Reblogger Monique Combs
Real Estate Agent with Royal Shell Real Estate 3290764

Original content by Richard Weisser

When trust is broken it can be devastation!Trust is a wonderful quality. It is very satisfying to have enough faith and confidence in a person or a company to take them at their word.

And most of the time, everyone involved in a verbal commitment really does mean to keep their word and to stick to it.

The problem is more one of fading memories. As time goes on there is a good likelihood that one or both parties committed to a verbal agreement simply forget the details of the mutual pact.

The act of insisting on a written agreement is not necessarily a lack of trust. It can often be an excellent “memory aid” in the event of confusion down the road.

No matter how simple or unimportant an arrangement might be, a written agreement can actually become a relationship builder, and not a friendship destroyer.

As I said, trust is a wonderful quality!

Don't let it ruin a good relationship forever.

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Rainmaker
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Barbara Le Pine
Advantage Real Estate, serving Lincoln County - Newport, OR
Your agent for the Central Oregon Coast!

Monique,

This is especially important now that we are doing transactions that involve bank approval. They want us to "ask" our client if they will accept a price for approval. I always make the other agent send it in an email so it is time stamped and documented. I in turn will only answer the agent with a number that is in an email. They "approve" the verbal before they send the accompanying paperwork. I find this trend potentially dangerous to the agents involved.

Aug 28, 2010 05:47 AM #1
Rainmaker
292,777
Steve Davis
Davis Coastal Properties - Carlsbad, CA
Carlsbad CA

I just let go an agent who would try to negotiate the offer verbally - not in writing. The buyer would agree to an offer price, she would talk to the seller, and he would agree and then back to the buyer with acceptance - and low and behold the buyer now wanted to offer less. She would not stop doing that - and many other things - so I let her go. There is no skin in the game when the offer is not in writing! The dullest pencil is better than the sharpest mind.

Aug 28, 2010 05:57 AM #2
Rainmaker
316,941
Monique Combs
Royal Shell Real Estate - Bonita Springs, FL
Royal Shell Real Estate - Monique Combs

Barbara ~ Very smart and things don't fall apart because you have it in writing.

Steve & Carol ~ It is a liability. In Maryland verbal's are not allowed.

Aug 28, 2010 01:42 PM #3
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Rainmaker
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Monique Combs

Royal Shell Real Estate - Monique Combs
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