Answer:
Hi goodmorning, In any real estate contract for sale, there must be an offer and acceptance. The offer is a proposal made by the buyer to purchase the property at a certain price, and the acceptance is the seller's agreement to sell the property at that price.
If you would like to learn more, here are the following explanation:
Other key elements that must be included in a real estate contract for sale are:
- The names of the parties involved, including the buyer and seller
- A description of the property being sold, including its location and any relevant details
- The purchase price
- Any contingencies or conditions that must be met before the sale can be completed
- The closing date, or the date on which the sale is expected to be finalized
- Any provisions for financing, such as a mortgage or other loan