What should be included in the buyer's offer for it to be considered valid?

To ensure a buyer's offer is considered valid, it is essential for it to include a legally binding commitment and earnest money. A legally binding commitment signifies that the buyer is serious about the offer and is willing to enter into a contract, which is fundamental in any real estate transaction. Furthermore, earnest money serves as a deposit that demonstrates the buyer's intent and commitment to follow through on the purchase. This deposit is typically a percentage of the purchase price and reassures the seller that the buyer is earnest in wanting to complete the transaction.

While personal details of the buyer and a purchase history can be helpful, they do not constitute the core elements needed for the offer's validity. Similarly, while a list of contingencies may be included in the offer (as they outline conditions under which the buyer may withdraw), they are not necessary components for the offer to be considered valid. The critical factors remain the binding commitment and earnest money, which establish seriousness and accountability in the transaction process.