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Contract to purchase
A contract the buyer initiates which details the purchase price and conditions of the transaction and is accepted by the seller. Also known as an agreement of sale.
Related Terms
Sales contract
Contract for deed
Contingency
Installment contract
Buyer's remorse
Change order
Breach of contract
Bilateral contract
Liquidated damages
Cost-plus contract
Purchase agreement
Private mortgage insurance (PMI)
Addendum
Consideration
Recission
Competent
Contract
Anticipatory breach
Mediation
Exclusive listing
Agency
VA loans
Live-in partnership
Truth-in-Lending Act
Allowances
Trading down
Market conditions
Mortgagor
Owner financing
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