Mark Ciochon

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Real Estate Glossary

Real Estate Glossary
Use this real estate glossary to research terms you might run across in a real estate transaction.

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Purchase Agreement	A written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold. The Purchase and Sale Agreement is a written contract that is signed by the buyer and seller. It states the terms and conditions under which a property will be sold. It includes: Description of property Price offered Down payment Earnest money deposit Financing Personal items to be included Closing date Occupancy date Length of time the offer is valid Special contingencies Inspection

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