What is required for a contract involving real property to be legally enforceable?

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For a contract involving real property to be legally enforceable, written documentation is essential. This requirement stems from the Statute of Frauds, which mandates that certain types of contracts, including those for the transfer of real estate, must be in writing to be enforceable in a court of law. A written contract provides clear evidence of the terms agreed upon by the parties involved, minimizing misunderstandings and disputes.

While there are some situations where verbal agreements can be valid, they do not hold in the context of real property transactions. Moreover, making a deposit is often part of the agreement process but is not itself what makes the contract enforceable. Similarly, while notary confirmation can add another layer of validity to a contract, it is not a legal requirement for the enforceability of real estate contracts. The written documentation serves as the foundational element that fulfills the legal obligations required for such contracts.

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