An oral agreement for the sale of real property is?

An oral agreement for the sale of real property is considered unenforceable due to the Statute of Frauds, which is a legal doctrine requiring certain contracts to be in writing to be legally binding. In the context of real estate transactions, this means that any agreement for the sale of real property must be documented in writing and signed by the parties involved to be enforceable in a court of law.

While oral agreements may have some enforceability in other contexts, when it comes to real estate, relying on an oral contract poses numerous risks for both buyers and sellers. Without written documentation, it becomes challenging to prove the terms of the agreement, leading to disputes that are difficult to resolve. Therefore, it is essential to draft a written contract that outlines all terms and conditions for real estate transactions to ensure that the agreement is legally binding and enforceable.