a legal document which details the transaction of a real estate property between one party to another
a legally binding agreement that sets out the rights and duties of the buyer and seller
a mutual promise between a buyer and seller of property for the future transfer of ownership of the property
an agreement, enforceable by law, to do or not to do a certain described thing
a very important legal document
An agreement to sell and purchase real property under which title is held by a third party in escrow for the seller until such time as the required payments to the seller have been made by the buyer.
A contract for the purchase or sale of real property, which may or may not include personal property. The Statute of Frauds dictates that, to be enforceable, any contract for the purchase or sale of real estate must be in writing.
A real estate contract is a contract for the purchase/sale, exchange, or other conveyance of real estate between parties. Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds. Freehold ("More permanent") conveyances of real estate are covered by real estate contracts, including conveying fee simple title, life estates, remainder estates, and freehold easements.