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Not sure how it works in the US but where I’m from a bid for a house, either buying or selling offer, is made as a very particular legal document with all sorts
by Swenrekcah 4y ago
Not sure how it works in the US but where I’m from a bid for a house, either buying or selling offer, is made as a very particular legal document with all sorts of assurances and has to be made by a lawyer or a real estate broker.
That document is legally binding and it’s enough for the receiving party to accept for a contract to be formed.
Casually doing this over email is absolutely not the same.
- throwaway17_17 4y agoThis type of requirement on offers/acceptance procedure is typically (most states and federal jurisdictions in the US) require for ‘real property’, that is things categorized as ‘immovable’ property in civil law jurisdictions. It is not required for other property types unless the jurisdiction explicitly requires it via legislation.