Purchase and Sale Agreement. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.In Georgia, it has become customary over the years to include an all encompassing due diligence period commonly lasting 10 to 14 days. Save time and money with PandaDoc. This document is a real estate purchase agreement between a buyer and seller for a property located in Georgia. It outlines key details of the transaction. The consent of the parties being essential to a contract, until each has assented to all the terms, there is no binding contract. Please note that the forms should be downloaded to your computer BEFORE they are filled out, and not opened in a browser, to ensure proper functionality. At Closing, Seller shall deliver to Buyer: (a) a Closing Statement; (b) Limited Warranty Deed;. Please note that the forms should be downloaded to your computer BEFORE they are filled out, and not opened in a browser, to ensure proper functionality.