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The old classic - "a verbal offer is only as good as the paper it's written on". But at least you can do a certain amount of negotiation prior to signing anything.

It's amazing how these coincidences work out, isn't it?! In Victoria, we've always first come to a verbal agreement, then signed a contract. Can't say I'm "more experienced" but this in Vic, for us, it's worked like this: Contact the agent "Someone else has just made an offer, so you'd...