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In contract law, a contract of sale, sales contract, sales order, or contract for sale [1] is a legal contract for the purchase of assets (goods or property) by a buyer (or purchaser) from a seller (or vendor) for an agreed upon value in money (or money equivalent).
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Identify the parties: The full name of the parties must be on the contract. In a sales contract, the parties are the seller(s) and buyer(s) of the real estate, who are often called the principals to distinguish them from real estate agents, who are effectively their intermediaries and representatives in negotiation of the price. If there are ...
“An oral agreement is generally not binding. A contract to sell real property is required in writing.” Possible consequences of backing out. Backing out of a home sale can have costly ...
A 2,330-square-foot mobile home in Malibu's Paradise Cove mobile home park just sold for $2 million -- cash. When listed in the spring at $2,550,000, it was the most expensive double-wide in America.
Federal Survey Shows Large Year-Over-Year Increase in Homelessness. There are roughly 650,000 homeless people in the country, according to the U.S. Department of Housing and Urban Development's ...