| You are here: | About>Home & Garden>Home Buying / Selling> Market Facts & Trends> Glossary> Glossary P> Purchase Contract |
![]() | Home Buying / Selling |
"Purchase Contract"Definition: A real estate purchase contract is a binding agreement (between two or more parties with legal capacity) to purchase real property. It is based on legal consideration. Also Known As: Contract to Purchase Real Estate or Residential Purchase Agreement Examples: The Andersons signed a purchase contract and put down $1,000 deposit to buy their new home, which the Jones accepted upon presentation.
|
|
All Topics | Email Article | | | ![]() |
| Advertising Info | News & Events | Work at About | SiteMap | Reprints | Help | Our Story | Be a Guide |
| User Agreement | Ethics Policy | Patent Info. | Privacy Policy | ©2008 About, Inc., A part of The New York Times Company. All rights reserved. |


