When is an offer binding?

Offer something youd love to close on. Next retarded financial question please.

what is the price of a son spited by his father having to kick him out of the family real estate practice, now reduced to posting on a website to try hopelessly to display his RE knowledgezzzzzz to win back daddy's love/attention?

$1mm?

$10mm?

$100mm?

a simple phone call? tear.

Sorry ss but while w67th is an unethical jackass you are a complete idiot. What kind of stupid question was that?

in nyc and I believe elsewhere in the states, you need to sign a contract. offers and their acceptance do not mean much.

ss400k
about 6 hours ago
stop ignoring this person
report abuse Been a while... if I offer x amount lowball of cash just to see if broker budges, and seller happens to accept, am I legally binded? I believe NYC needs both parties contract signed til anything is legal per se... is it same ruling for NJ (brobokne) ?

i'd kill west67 if i actually saw him on the street, but what the fuck does the agent have to do with it in this case asshole? the buyer accepts or declines an offer dickface. the agent passes the info along. if the agent doesn't "budge" it is because he/she knows the buyer won't take below "x" as an offer. now go away, fuckface.

so...now you have stated that you will kill another poster here?

overboard

why

flmaoz, let me threaten to run someone over with the 1st avenue bus.
flmaoz, let me threaten to push someone's wheelchair down a flight of stairs.
threats are ok if I'm in Columbia County.

why

Yes, cunty, will be useful to the cops if west67 ever ends up.dead, otherwise, sl what? I'll kill you too. Make you happy?

columbiacounty

about 2 years ago

ignore this person

report abuse

plus, when you get your place in columbia county, leaving from the west side is infinitely easier than navigating the FDR.

Until a contract has been signed nothing is binding.

Agreed. Under new york's statue of frauds, an agreement to buy real estate must be in writing and signed by the party against whom one wants to enforce the contract.

New jersey.... Hilarious. Fking hilarious. Wtf do I care about jersey? Say hi to snooki for me...

But I just wanna show off my big brains on SE.
If I bid a lowball number and the turd actually accepts =>
1) it means it is not a lowball number;
2) the ask was way too high and you are the turd for biting off a huge chunk of horse manure;
3) you have been given a gift from the re gods;
4) you are a complete ninny and should be vajazzzled instead of your wife cause a verbal agreement in re means as much as a blowjob from a hooker as to your manliness;
5) what do you mean that cough means I bid $800k for Whitney houston's Ikea desk?;
6) once again you have proven my point the ability to spend money and financial acumen have zero correlation;
7) diagnosing my rants against the re bubble as me 'daddy parental approval syndrome' is akin to saying everywomen who has an UTI is a whore and the itchiness is caused by having disparate men's semen in the vagina. R u saying your wife has multiple partners semen in her vagina?

I'm gonna go with 3) hurry up and close that sucker.....

Really!?!? From what i remember from my intro to business law class, a verbal offer is binding once its been accepted. From a practical perspective i can see how this is unrealistic for real estate purposes, as there's so much more detail to be worked out in the contract than price, but it seems like the same idea would hold.

So you took some class not even in law school, probably taught by a monkey teaching assistant, and you believe that if two people agree in price - one element - of a multi-faceted transaction and do the pinky swear thing, that then you can get the judge in New York to call the Sheriff to kick out the current owners so you can move in?

Yes, really. In general verbal agreements are binding under common law once there is a meeting of the minds, but the NY legislature has created a statutory exception to this rule for real estate transactions, among other things. Like I said it's called the statute of the frauds. You can't enforce an verbal agreement for the sale of real estate. Period.

Seler would rather have the money than the property. The buyer would rather the property than the money. When money is more valuable denoted by higher ir and money is harder to earn => lower bonuses PRICES must fall. Who gives a flying fk about a lowball bid. It's a bid and 99% of sellers are happy for it.

But if you don't want to offend or are afraid it too low of a bid, then you don't understand the concept of negotiating against yourself.
The price makes the deal not some legal mambo jambo.
Flmaozzzz.