If the buyer gives you money, and you give the deed to the buyer, you've sold the land. Technically, a contract existed in that case, it simply wasn't written, and was fully performed by both parties when the sale took place.
However, if you want to agree in advance to sell land in any U.S. state, you do need a written record of the agreement for the agreement to be enforceable, under the Statute of Frauds.
Suppose you simply say to the buyer "I'll sell you my land on [date] for X dollars" and the buyer says "Agreed"
If this were an agreement for the sale of goods or services, that verbal agreement would be enough to bind both parties legally, and either one would be able to sue the other for breach of contract if he backed out.
However, that would not be a binding contract for the sale of land, because it's not in writing, and either party would be able to back out of the agreement, and the other one wouldn't have recourse. There are exceptions however, such as if one party had already begun performance (the buyer paid, or the seller transferred the deed to the buyer, for example). In that case, the other party would not be able to back out because it would result in him getting something for nothing.
As a general rule, however, contracts for the sale of land must be in writing to be valid, and should probably be drawn up by a lawyer, to avoid any serious pitfalls.
No. Both owners must sign. The contract is unenforceable.
That would be a violation of the statute of frauds. Sale of real property (land) must be in writing.
A land contract is just like any other contract, complete with contract law principles. No one can sell the property until either the contract is either fufilled or breached. If it is fufilled, then it becomes the property of the one purchasing the property and after they have successfully completed the contract, they then are free to sell it to whomever they wish. But, if the contract is breached, it is then still the original owners and they can do as they wish, keep the property, sell the property or find another individual willing to enter into another land lease contract. So, while the property is tied up in a land lease contract, no one can sell or buy it until either a satisfaction or breach of the contract is committed.
That would not be legal. Property can only be transferred through the use of written documents.
A buyer cannot sell the land until they take title by a deed. If they have signed a contract to buy the land they could enter into an agreement with a third party to sell the land when they have acquired ownership by deed but they cannot actually sell the land until they own legal title.
Sell it.
Absolutely not legal.
Contract to sell is an executory contract while contract of sale is an executed contract.
5
you can sell up to 15 cars
"Contract of sell" is just "contract of sale" misspelled.
NO