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View Full Version : Is a verbal agreement witnessed by a third party a legal binding?


mowman1985
Jul 16, 2007, 02:02 PM
I live in Ohio and made a verbal agreement with a lady to buy a home, we had a verbal agreement between me and her she also made this agreement known with my mortgage broker as well... so in Ohio law will that make it a legal binding contract?

LisaB4657
Jul 16, 2007, 02:27 PM
I'm sorry but verbal agreements for the sale of land are not binding. All you need to make it a legally binding contract is a piece of paper with the names of the buyer and seller, some form of description of the property (such as an address), a purchase price, an estimated closing date, and the signatures of the buyer and seller.

s_cianci
Jul 16, 2007, 03:12 PM
That's pretty much up to the whim of the judge. Some judges consider verbal agreements to be binding and some not.