If you are either buying or selling a house and you have a great handshake deal, do not think that there is any guarantee. I have seen many people say "well my word is good enough" well your word MAY BE good enough but as far as money goes many people will reneg on a deal if they think that they are not getting the best one.
Always have a deal signed by both properties and really if you are not using a realtor at the very least get a real estate contract at the local Staples or Office Depot to get a good contract signed and head straight oover to a lawyer to have everything validated.
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