What is an agreement called that is a written contract between a seller and a buyer for the purchase and sale of a particular property?

An agreement between a seller and a buyer for the purchase and sale of a particular property is known as an Agreement of Purchase and Sale. This document outlines the terms and conditions of the transaction, including the purchase price, deposit requirements, closing date, and contingencies that must be met before the sale can be finalized. It serves as a legally binding contract that ensures both parties are aware of their rights and obligations regarding the transaction.

While other documents play important roles in real estate transactions, such as the Bill of Sale, which typically pertains to the transfer of personal property, or the Title Deed, which formalizes ownership of the property, they do not specifically represent the buyer-seller agreement for the actual purchase of the real estate. The Sales Contract is a broader term that could encompass different types of sales agreements but is not universally recognized as the specific term for property transactions in real estate. The Agreement of Purchase and Sale, therefore, is the correct legal term for this important document in the real estate process.