I recently had a conversation with someone who wanted to make a verbal offer on a property. My response was simple: I don't present verbal offers to sellers.

If you're serious about buying a home, your offer should always be in writing.

While verbal offers may seem like a quick and easy way to express interest, they rarely carry much weight in a real estate transaction. In today's market, especially here at the Jersey Shore, a written offer is often the difference between being taken seriously and being overlooked.

Verbal Offers Can Change at Any Time

The biggest issue with a verbal offer is that it can change in an instant.

A buyer may verbally offer one price today and decide on a different price tomorrow. They may mention they are willing to waive inspections, then later decide they want them included. Without anything documented, there is no clear understanding of the terms being offered.

From a seller's perspective, it's difficult to make decisions based on something that isn't formally presented.

A Written Offer Shows Commitment

When a buyer submits a written offer, it demonstrates that they are serious about purchasing the property.

A written offer outlines the details that matter most, including:

  • Purchase price
  • Financing terms
  • Deposit amount
  • Inspection contingencies
  • Settlement date
  • Any additional requests or conditions

Rather than relying on conversations or assumptions, everyone involved can clearly see the terms being proposed.

This provides sellers with something concrete to review and compare against other offers.

Sellers Need Something They Can Evaluate

When a property receives multiple inquiries, sellers need a clear way to evaluate each opportunity.

A verbal offer may sound appealing, but important details are often missing. Even if a buyer verbally states a purchase price, there are many other factors that influence the strength of an offer.

Is the buyer paying cash?

Do they need financing?

Are there contingencies involved?

How much deposit are they putting down?

When do they want to close?

A written offer answers these questions and helps sellers make informed decisions.

Competitive Markets Reward Serious Buyers

In a competitive market like Ocean City and much of the Jersey Shore, sellers are often looking for certainty.

When multiple buyers are interested in the same property, sellers typically focus on the offers that are clearly defined and properly submitted.

A written offer signals that a buyer has taken the time to think through the transaction, discuss terms with their agent, and formally present their proposal.

That level of commitment often carries far more weight than a verbal conversation.

The Bottom Line

If you find a property you love, don't rely on a verbal offer.

Put your offer in writing.

A written offer shows commitment, clearly outlines your terms, and gives the seller something they can seriously consider. It also helps avoid misunderstandings and puts you in a much stronger position when competing for a property.

Real estate transactions involve significant financial decisions. When it's time to make an offer, make sure it's one that will be taken seriously.