Mortgage purchase agreement templateMortgage Purchase Agreement • June 17th, 2023
Contract Type FiledJune 17th, 2023The definition of purchase agreement is a type of contract that outlines various terms and conditions related to a sale of goods.3 min read The definition of purchase agreement is a type of contract that outlines various terms and conditions related to a sale of goods. What a Purchase Agreement Is Used For A purchase agreement is a legally binding contract between a buyer and seller. These agreements usually relate to the buying and selling of goods instead of services, and they can cover transactions for just about any type of product. In real estate, a purchase agreement outlines the purchase price and other conditions under a title transfer. Usually, purchase agreements are used when the purchase price is more than $500, but they may also be used for smaller transactions. They're common in real estate and home sales. They're widely used in the telecommunications industry. For instance, a customer may buy different communications packages, so that agreement is a “volume purchase agre