Nashville, TN asked in Real Estate Law, Tax Law and Arbitration / Mediation Law for Kentucky

Q: Late September earlyOctober 2020 I noticed my neighbor's property up for sale by owner Had a verbal agreement

Purchase a home and offered asking price if the seller agreed to close before the end of the year

Seller agreed no less then 3verbally ie phone 4 in person seller remove the for sale sign from the yard only to change their mind and not sell to me

don't know if there's any recourse or not in the state of Kentucky

2 Lawyer Answers
Jerome P. Prather
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Answered

A: Under Kentucky law, contracts for the sale of real estate generally must be in writing before they can be enforced. KRS 371.010. A lawyer may be able to help you with your specific situation.

A: Unfortunately, agreements concerning "real property" must always be in writing. The fact that your neighbor removed the sign from the yard does not seem to be an action that could only mean he agreed. (Sometimes there is a way around the written requirement, but I do not see it here.) Please accept this answer as a general one. I am not admitted in Kentucky.

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