accepted verbal agreement to buy home, List agent not promt in executing contract. We lost the house!?
cash offer submitted 2/15
counter offer by sellers sent via email 2/17
buyers agree to sellers counter offer, make corrections on contract to reflect the changes, sign and faxed back afternoon of 2/17
upon email receipt of the revised contract by the listing agent he informs us he is ill and unable to meet with his sellers to get contract executed but that he spoke with his sellers and confirmed the offer acceptance and was willing to offer us a verbal acceptance of contract (all of this in email) and utilities would be on by Friday 2/19 for inspector.
Listing agent emails our Realtor late morning and says he had another offer come in, submitted it to his sellers and we needed “highest and best” by 3pm.
We were so angry at this point that we did not adjust as we felt we were being blackmailed.
I know that a verbal contract will not hold up in court, but do we have any other recourse?
I know there are 1000’s of house out there, but we live a small town population 1500 so not many houses in this price range. It was being purchased for my daughter for the purpose of allowing her to free herself from an abusive relationship and start over. The house also had family members on both sides and one across the street for added security in this trying time!
Sellers may have executed the other contract tonight but no earnest $ delivered yet.