Oral Purchase Agreement House: What Now?

Questioner

We bought a house after verbally agreeing everything with the real estate agent, and now the current owner is having problems with the bank; he can't sell it for that price. Everything was finalized three weeks ago!

Questioner

You've entered into a verbal purchase agreement. The agreement isn't yet in writing. The law stipulates that a house purchase is not valid unless there's a written agreement. Unfortunately, at this time you cannot force the seller to transfer the property to you.

Questioner

`great thanks for the answer