{"id":232,"date":"2018-02-12T06:45:32","date_gmt":"2018-02-12T06:45:32","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=232"},"modified":"2023-05-23T14:26:31","modified_gmt":"2023-05-23T14:26:31","slug":"agreement-of-sale","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/agreement-of-sale\/","title":{"rendered":"Agreement of Sale"},"content":{"rendered":"<h2>Agreement of Sale Definition<\/h2>\n<p>An <strong>agreement of sale<\/strong> is a contract specifying all the terms and conditions to the purchase of real property.<\/p>\n<h2>Explanation<\/h2>\n<p>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.<\/p>\n<p>These contracts usually carry legal verbiage to protect each parties\u2019 interests. They include deadlines, parameters, boundaries, and instructions on the fulfillment of the transaction.<\/p>\n<p>Contracts can be lengthy and also carry verbiage that will discuss the <a href=\"https:\/\/www.realestatewords.com\/penalty\/\">penalties<\/a> of breaking them and how or when they can be resolved.<\/p>\n<p>Contracts are usually drafted by attorneys, and in some states only attorneys can revise any changes and\/or create one.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"shortcode_tabs horiz_tabs\"><div class=\"scT\"><ul class=\"scT-tab clearfix\"><li class='tS' style='width:100%;'><a>Expert Contributor<\/a><\/li><\/ul><div class='scTC scTC341' style='display:block;'><p>\n<p><strong style=\"font-size: 15pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10445 \" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2023\/05\/Martha-Gaffney-min.jpg\" alt=\"\" width=\"150\" height=\"173\" \/>Martha Gaffney<\/strong><\/p>\n<p><em>REAL ESTATE BROKER<\/em><\/p>\n<p>Expert contributor at RealEstateWords.com<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.realestatewords.com\/contributors\/martha-gaffney\/\"><strong>View profile<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10688 aligncenter\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/03\/Real-Estate-Words-Contributor.png\" alt=\"Real Estate Words Contributor badge\" width=\"200\" height=\"168\" \/><\/p>\n<p style=\"text-align: center;\">Interested in becoming a contributor? Apply for our <a href=\"https:\/\/www.realestatewords.com\/contributor-program\/\">Expert Contributor Program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Agreement of Sale Definition An agreement of sale is a contract specifying all the terms and conditions to the purchase of real property. Explanation 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. [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/232"}],"collection":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":3,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/232\/revisions"}],"predecessor-version":[{"id":11442,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/232\/revisions\/11442"}],"wp:attachment":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/media?parent=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}