What basic information must a buyer provide to make a formal offer?

To make a formal offer on a property, essential information includes the buyer's name, contact information, specific details about the property in question, and the offer price. This foundational information is necessary for the seller and their agent to identify who is making the offer, how to reach them, what they are interested in, and what price they are willing to pay. This allows for clear communication and determines the terms of the offer, ensuring that all parties are aligned in the negotiation process.

While options such as financial history, a letter of intent, or proof of identity may be important in certain contexts, they do not constitute the basic information required for submitting a formal offer. Financial history can certainly influence the buyer's ability to close on the purchase, but it is not a prerequisite for making the offer itself. Similarly, a letter of intent may serve as an initial step in negotiations but does not replace the formal offer required to initiate the transaction. Proof of identity, while important for legal and verification purposes, is not strictly necessary for the offer document itself. Thus, the focus is on providing the specific details that create a complete and actionable offer.