Who has the authority to revoke a real estate purchase offer?

The buyer has the authority to revoke a real estate purchase offer because the offer is considered an expression of the buyer's intent to enter into a contract with the seller. In real estate transactions, the buyer maintains control over the offer until it has been accepted by the seller.

If the buyer decides to change their mind for any reason—whether due to personal circumstances, a change in market conditions, or a better opportunity—they can formally communicate their desire to revoke the offer. This revocation is typically done before the seller has accepted the offer. Once the seller accepts the offer, it becomes a binding contract, and the buyer can no longer unilaterally revoke it without facing potential legal ramifications.

An agent of the buyer acts on behalf of the buyer but does not possess the independent authority to revoke an offer without the buyer's instructions. The seller, once receiving the offer, does not have the right to revoke it as it is not theirs to revoke until it is accepted. A notary public does not have any role in the revocation of offers, as their function is to witness signatures and authenticate documents, not to engage in the process of real estate negotiations.