Real Estate Purchase Contract Example. In a contract to purchase real estate, a standard property description looks something like this: "All heating and cooling fixtures and equipment, plumbing Closing Costs - Unfortunately buying or selling real estate doesn't just involve the purchase price. In real estate, a purchase agreement is a binding contract between a buyer and seller that outlines the details of a home sale transaction.
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And so, as part of the real estate contract, you have the right to a property inspection.
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Most of the details in a contract that are not stipulated by law are negotiable. A real estate purchase contract is a binding, bilateral agreement between two or more parties who possess the legal capacity to make a purchase or exchange of the property in question. A contingency contract in real estate is a conditional purchase agreement, with stipulations that must be met in order for the sale to be completed.
