The formalization of property or real estate sales takes place in stages. The agreement to sell, agreement to sale, sale agreement, or Purchase And Sale Agreement is one of the first agreements that is signed to give legal status to an agreement between a buyer and a seller. A Legal Agreement of sale specifies the terms and conditions under which the seller will sell a property to the buyer. The price at which it will be sold, as well as the date when it will be paid in full, are all part of these terms and conditions. It is a vital document in the sale transaction since it allows the transaction to proceed smoothly. All of the terms and conditions in the selling agreement must be fully understood by both parties and followed throughout the sale process until the sale deed is signed. The agreement of sale serves as the foundation for the sale deed.
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