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I received a verbal offer from one of the companies I've been interviewing with on Monday and they wanted me to give them a decision "by the end of the week". I explained that I am currently interviewing with at least two other companies and have a third that is supposed to extend me an offer or decline sometime this week and they extended their deadline to the following Tuesday.
Not only does it feel like a very short time to consider the position (job doesn't even start until August) but he said they won't type up a formal letter until/unless I verbally accept the verbal offer.
Until this point the company was pretty high on my list of companies I want to work for but I feel like I just left the used car lot.
So far I feel like my main 2 options are to either tell them flat out that I'm still interested in working for them but can't make a final decision in the time allowed or to verbally accept as a bid to buy some time while I wait for the formal letter before making a final decision.