What begins the requirement to make a contract valid when a buyer agrees to purchase a property?

The concept of offer and acceptance is fundamental to the formation of a valid contract, especially in real estate transactions. The process begins when one party (the buyer) makes a proposal to purchase property, which is the "offer." For a contract to be valid, the other party (the seller) must agree to the terms outlined in that offer, representing "acceptance." This mutual agreement establishes the intent of both parties to enter into a binding contract.

While other elements like mutual consent, consideration, and a written agreement also play crucial roles in formalizing contracts, the initial step that validates the relationship is the offer and acceptance. Without this clear communication of an offer and a corresponding acceptance, there can be no enforceable contract, regardless of the other components that may follow.