Notices, of this Offer, shall cause this Offer, without further action of either party, to become a binding contract for the sale of Property. 3. Approvals. The parties to this agreement to convey real estate agree as follows: 1.Description of Property. Get a comprehensive understanding of Michigan real estate purchase and sale agreements with our indepth overview and free template. At a bare minimum, a binding purchase agreement for real estate in Michigan must be in writing and must include all of the following essential terms:. This page explains the entire offer process, including: 1. Understanding Purchase Offer Documents It is CRUCIAL that you: