South Carolina Law??

[Misti Rebholz]

In the state of South Carolina when buying a house if the first party has verbally backed out of a deal and a new buyer has made and offer with a new contract and the current homeowners have accepted this offer does that hold up? Or does this need to be written that they backed out of the deal? Does the verbal withdraw stand? Please help us!!

 

[HomeGuru]

Say what? What does your contract state.

 

[Misti Rebholz]

South Carolina Law

The contract states that we have a contract with the home owners, but the agency is stating that even though the first party gave a verbal statement saying they were reniging their contract that they currently have a contract too and they can still go through with it. And supposedly verbal agreements don't hold up in S.C. so the agency says? The agency wrote up 2 contracts on one house but the first people backed out. So we signed a new contract with the current home owners and put money up for it. Do you have any ideas on this law?? What are your thoughts??

 

[HomeGuru]

I still do not quite understand your post.
The bottomline is that all real estate contracts must be in writing to be emforceable. Verbal agreements do not count.