Is an oral right of first refusal to a friend enforceable?

[Anonymous]

Talk to a lawyer. Make sure your bases are covered, and make sure he doesn't have access to the aunt.

[Anonymous]

This guy is a total fraud. Even if it was enforceable, a right of refusal is exactly that and he has indicated that he is not going to exercise that right because he has no intention of purchasing the home. Tell him to pound sand.

[Anonymous]

"He said he does not intend to buy the house"

So his verbal agreement has just been updated. He verbally said he doesn't intend to buy it. I'd just ignore him.

[Anonymous]

How long do you have to answer a "right of first refusal?" I will assume this guy intends to use it all unless you cough up some cash.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No oral agreement is ever enforceable. Legal is legal. And legal always has to be in writing.
(I'm not even reading your story)

This is not true. Lots of oral agreements are enforceable. But there is likely a statute of frauds issue here.

Not in Real Estate.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No oral agreement is ever enforceable. Legal is legal. And legal always has to be in writing.
(I'm not even reading your story)

This is not true. Lots of oral agreements are enforceable. But there is likely a statute of frauds issue here.

Not in Real Estate.

+1

Can you imagine if the things real estate agents say were enforceable? The industry would collapse.

[Anonymous]

lol!

[Anonymous]

Ok, now that I’m done laughing, a legit ROFR has a quick turnaround time. He will not slow down any transaction more than, say, 24 hours. If he can’t immediately say yes and tender a significant deposit, then you can just move on with the other prospective buyer.

So his phony ROFR has no value, even if it were legit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No oral agreement is ever enforceable. Legal is legal. And legal always has to be in writing.
(I'm not even reading your story)

This is not true. Lots of oral agreements are enforceable. But there is likely a statute of frauds issue here.

Not in Real Estate.

That is because of the statute of frauds, LOL

[Anonymous]

I think he is suggesting the mere presence of a ROFR will scare away potential buyers, so having a quick turnaround time may not be as important.

He seems like a slimeball who preyed on an elderly woman but she never complained about him so may be hard to say it’s elderly abuse, especially if she doesn’t live to the time the house is sold.

[Anonymous]

No. Real estate contracts have to be in writing to be enforceable.

[Anonymous]

Anonymous wrote:Tell him that he's a fraud and you are reporting him to the police.

This

[Anonymous]

If his alleged right had value there would be a market for it.

[Anonymous]

no

[Anonymous]

Anonymous wrote:If he doesn't want it, isn't that a refusal? Why would he get money for that?

Right. He’s already verbally said he refused. If her verbal offer was binding then so is the verbal refusal he’s already assured you of

Case closed