Agreement of Sale

Agreement of Sale Definition

An agreement of sale is a contract specifying all the terms and conditions to the purchase of real property.


An agreement of sale is drafted with the terms that were negotiated verbally and placed in writing to be legally enforced in courts and as a guide map to a transaction.

These contracts usually carry legal verbiage to protect each parties’ interests. They include deadlines, parameters, boundaries, and instructions on the fulfillment of the transaction.

Contracts can be lengthy and also carry verbiage that will discuss the penalties of breaking them and how or when they can be resolved.

Contracts are usually drafted by attorneys, and in some states only attorneys can revise any changes and/or create one.


Martha Gaffney


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