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Can you help me understand what "Legally it isn't binding until consideration passes" means? I'm not sure about the "consideration passes" part. Is that why the timing is so important as to whether or not he shows up in time?

I just read your reply about giving him a chance to show up with the cash. Will do that. Ugghh.

I'm also concerned that this guy is a dealer who is going to turn around and sell it. If I was sure that he was a sincere buyer with a limited budget, I would be all over the moral choice. He's driving a new BMW.

I purchased the trailer for over $12,000 this year. that's why $1000 is that much less that I'm losing. I really think the greed is more on the side of the person who wants to continue with a price that he knows is a "steal." Thank you for letting me know about the verbal agreement law. I now...

Thank you. He said that $7500 was all he had when making the original offer, but now he has more. It would have been just as likely that he would back out before showing up. The second buyer says he's sold stock in order to get cash to buy it. I had no idea that a verbal acceptance was binding...

I'm selling my travel trailer on Craigslist and someone looked at my trailer twice through a friend who showed it to them at the storage lot. They made a very low offer and I asked to think about it overnight. The next day I agreed to the price. Then I received a message from someone offering...