Real Estate Glossary

What is Sales Contract?

A sales contract is a legal document that outlines the terms and conditions of a real estate sale. It typically includes information such as the purchase price, closing date, and any contingencies that must be met before the sale can be completed. It also includes details on the property being sold, and any warranties or representations made by the seller. A sales contract is a binding agreement between the buyer and the seller, and it is a crucial document in the process of buying or selling a property.

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