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Buyers verbal agreement

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I live in Georgia. We are selling our home and it was originally contracted to close on the 15th of May. The owners of the home we are purchasing wanted the closing date to be pushed up to the 27th of April and all parties verbally agreed (we were the only ones to put it in writing in an addendum to appease the owners of our new house)But as I said all parties verbally agreed to change the closing date from May 15th to the 27 of April. At the last minute our buyer's buyer (there are 4 parties involved) changed his mind and demanded the closing take place on the 7th of May. Today he states he is changing his mind again and wants it on the 15th - the date originally agreed upon per the contract. Because he verbally agreed to the 27 of May, we signed an addendum with the people we are buying from. Naturally, these people are upset that the dates keep changing. It now looks like we are going to loose our new home as we were supossed to close the 27th, then the 7th ect. When they were informed that the date was moved again they gave us until the 5th of May to close - the end of our time limit in the contract. They told us that further, there is another contract that has been in the wings holding to see what was happening with our situation and they would be accepting that bid if we don't close and it doesn't seem as if we will until the 15th. The people who we are buying from were the ones who wanted the original due date changed and who were the catalyst in all of this and now they are punishing us because of a third party. It pretty much boils down to the fact that this third party person is holding it all up just doesn't want to close until the 15th. I guess my question is, can we hold this man to his verbal agreement and not loose the house we want to buy? Or can we hold the people who we are buying from to the original contract. Please help.

[Edited by RobinJ on 05-02-2001 at 08:09 PM]


Senior Member
Verbal agreements don't mean a thing because all real estate contracts must be in writing pursuant to the statutes of frauds.

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