Real Estate Contract Verification

Summary

In South Carolina, real estate contracts must be in writing to be enforceable. Verify the buyers claims by requesting documentation such as the appraisal report and attorney contact information. Consider hiring a real estate attorney to protect your interests. A verbal agreement may not be legally binding, and theres no obligation for the buyer to provide financial assistance unless specified in a written contract. Consult a local attorney for personalized advice.

Full Conversation

He's made copies of the property deed and says he has an attorney for closing etc how can I find out if it's true
You can request for the attorney's contact information to verify. Alternatively, you could hire a real estate attorney to ensure everything is in order. It's important to protect your interests in a real estate transaction.
He also said he had an appraisal done
Did he provide a copy of the appraisal report? If not, you could request it. It's important to verify all information provided in a real estate transaction.
No
It seems like there are many uncertainties. You can:
- Ask for a copy of the appraisal report
- Request contact information of his attorney for verification
- Consider hiring your own real estate attorney for guidance
Remember, it's crucial to ensure all is in order for your protection in the transaction.
Can I legally back out of the verbal agreement
In South Carolina, a verbal agreement may not be legally binding when it comes to real estate due to the Statute of Frauds requiring such contracts to be in writing. However, consult a local attorney for advice tailored to your specific situation.
Because it is fsbo and I've been living with my son it's been a financial burden should he legally be given me any type of monies
Based on South Carolina law:
- There's no legal obligation for him to provide you financial assistance unless it's in a written agreement.
- A verbal agreement might not be enforceable.
You may consider consulting with a local attorney for more specific guidance.