What does Contract To Purchase mean?

A contract to purchase is a legal agreement between a buyer and a seller that outlines the terms and conditions of a real estate transaction. The contract should include the purchase price, the closing date, and any contingencies or special provisions. A contract to purchase becomes legally binding once it is signed by both parties.

Related Terms

Board of Equalization Deed of Trust Commission On a Listing Agreement For Sale By Owner aka FSBO Build-To-Suit Trading Down Annuity POF proof of fund Anticipatory Breach Median Price Escrow Eminent Domain Maintenance & Emergency Repairs Guarantee Mortgage Credit Patent Defect Designer Wraparound Mortgage