Scott Safadi of Cal Bay Property Management does not recommend making business deals over text. In fact, he doesn’t like text messaging in business at all. If you want to go electronic, stick with email. Emails don’t leave your inbox until you move them. Text messages come and go like the breeze.
If you insist on handling your dealings over text, be aware that a text message can be considered a legal binding contract so when conducting business over text, make sure not to make promises you do not intend to keep.
Scott Safadi founds this article about some recent court rulings where the courts determined that a text message was a binding legal contract. Text Message as a Legal Contract