To form a legally enforceable contract it requires (best I recall off the top of my head without researching so no warranty)
An Offer An Acceptance Consideration Capacity Legality
An Offer alone DOES NOT make a valid enforceable contract HOWEVER if an Offer is made and its Accepted and the other requirements are in place NOW WE HAVE A VALID LEGALLY ENFORCEABLE CONTRACT.
However as a practical matter as far as real estate sales contracts, A SELLER CAN BE FORCED BY LAW TO COMPLETE A HOME SALES CONTRACT, HOWEVER ITS A BIT TOUGH TO FORCE A PERSON TO BUY A HOME. Often if the buyer backs out the seller may retain the earnest money deposit.
AS I ALWAYS PREACH: Consult a local trained professional attorney and don't hang your hat on lay opinions offered on a tractor forum is my best advice.....
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