Find Your Next Place

Powered by
The Agency

E-Nailed: The accidental real estate deal

Published February 7, 2011 (about 15 years ago) · Updated 3 months ago
scared straight.jpg
Real estate agents increasingly negotiate deals via email or text rather than telephone or in person. If that includes your agent, listen up: A little-noticed New York appellate court decision last fall ruled that legally enforceable real estate contracts binding buyers and sellers can arise from email between their real estate agents. What does that mean for you? According to Robert Braverman, the Manhattan real estate lawyer who alerted us to the case, it's a good reason to instruct your broker to pick up the phone, as oral contracts for real estate are not enforceable. Alternatively, he says, emails should include "very clear caveats that the emails do not constitute formal offers or acceptances and cannot constitute a valid, binding agreement."
Related posts:
Loading ad...

Newsletter

Join over 50,000 New Yorkers who read our newsletter to become smarter real estate shoppers and residents. Get the latest NYC insights delivered weekly.

By signing up you agree to our Terms of Use

Find Your Next Place

Powered by
The Agency
Loading ad...