What is typically required in a real estate contract to be enforceable?

A written document is essential in real estate contracts to ensure enforceability. In California, the Statute of Frauds mandates that contracts for the sale of real property must be in writing to be legally binding. This requirement safeguards both parties by clearly outlining the terms of the agreement, mitigating misunderstandings, and providing a tangible record of the transaction.

Manual signatures, dates, and parties involved are typically included in this written contract to affirm the intentions and agreement of the parties. While verbal agreements may hold weight in other types of contract situations, they are not sufficient for real estate transactions due to the significance and complexity involved in such agreements.

Witness signatures and notarization can enhance the credibility of a contract and may be required for certain transactions or in specific states, but they do not replace the fundamental need for the contract to be in writing. Thus, having a written document is the foundational element needed for the enforceability of real estate contracts.