When someone makes an offer to buy a property and the seller agrees, the "contract" is effective from the time the seller has let the buyer know they have accepted.
These are questions that the above text answers:
1. When does a real estate contract become effective?
2. What is the starting point of a contractual agreement in a property purchase?
3. At what point is a contract formed in a real estate transaction?
4. When does a seller's acceptance of an offer create a binding contract?
5. What triggers the formation of a contract in a property sale?