Couple of newbie questions:
- Are verbal offers and written offers binding?
- If so can you be gazumped?
- Is there a situation where you can be gazumped after a Sales Contract has been sign?
- A common trend seems to be the use of written offers, what are the advantages and disadvantages of them? I think this question was discussed about 2 years ago in a very old thread and was wondering if opinions have changed.
My PPOR was a blur, so with my IP I want to be as knowledgeable as possible. With so much knowledge floating around this forum someone's bound to have an opinion
Thanks
Colin
- Are verbal offers and written offers binding?
- If so can you be gazumped?
- Is there a situation where you can be gazumped after a Sales Contract has been sign?
- A common trend seems to be the use of written offers, what are the advantages and disadvantages of them? I think this question was discussed about 2 years ago in a very old thread and was wondering if opinions have changed.
My PPOR was a blur, so with my IP I want to be as knowledgeable as possible. With so much knowledge floating around this forum someone's bound to have an opinion
Thanks
Colin