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I think I like the NSW procedures of exchanging contracts as fair to both vendors and purchasers. Thanks, TerryW.

in WA. The purchaser cannot withdraw an offer verbally, the same way that the vendow can accept the offer verbally through his REA, because the the signed offer document is in the vendor's hands and therefore it will be difficult to know when the vendor actually signed the offer document or...

thanks, TerryW. So does it mean that by just the vendor's REA merely communicating verbally to the offeror that the vendor has accepted, acceptance of the offer has occured , even if in reality the offer document has not been signed by the vendor yet. So how can a purchaser withdraw an...

Can a purchaser still withdraw his offer if the offer document is not signed yet by the vendor, but the vendor's agent has verbally communicated to the purchaser that " the vendor has accepted the offer" by a phonecall ?