For a valid property sale, what must the offer include?

For a valid property sale, the offer must include a clear statement of the property's price. This is crucial because the purchase price is a fundamental term of the contract and allows both parties to understand what is being agreed upon. Having a specified price helps to avoid any ambiguity and sets a clear expectation for the buyer and seller.

When an offer does not explicitly state the price, it could lead to misunderstandings, disputes, or even prevent the parties from forming a legally binding agreement. The absence of a defined price can render the offer incomplete, thereby jeopardizing the transaction.

While a specific closing date, a detailed title history, or the seller's price preference may be important considerations in a real estate transaction, they are not essential components that make an offer valid. The primary necessity is the clear expression of the price at which the seller is willing to sell the property.