Agreement Of Sale: The Value Of A Piece Of Paper

An agreement of sale is one of the most basic legal documents that a person can come across related to real estate. It is quite simply an agreement between buyer and seller on the terms of the transaction. The selling price and a variety of other factors may be included on the agreement of sale.

The document seems simple, but it carries a lot of weight with it. It is a transfer of property between two parties. It is one of the biggest moments in the lives of either party in the vast majority of cases. Sometimes a piece of paper like this can have such a wildly important impact on the lives of those who put their names on it. It is worth keeping this document around for the entire duration of the mortgage.

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