real estate agreement

A real estate agreement is a formal contract between parties involved in a property transaction, typically between a buyer and a seller. It outlines the terms and conditions of the sale, including the purchase price, payment methods, property descriptions, and timelines. Both parties agree to these terms to facilitate a smooth transfer of ownership. The agreement may also include contingencies, which are conditions that must be met for the sale to proceed. Properly drafting and understanding this document is crucial to protect both parties' interests and ensure a successful transaction.