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Sale and Purchase Contracts
A sale and purchase contract for real estate is a legal document that outlines the terms and conditions of a real estate transaction between a buyer and a seller.
The agreement typically includes information such as the purchase price, the closing date, and any contingencies or conditions that must be met in order for the sale to go through. It also includes details about the property being sold, such as its legal description and any included fixtures or appliances.
In addition, the sale and purchase agreement will typically include provisions related to the transfer of ownership, such as the delivery of a clear title and any required inspections or repairs. It may also include provisions related to financing, such as the amount of the down payment and a financing contingency.