An agreement to sell real estate, or a purchase agreement, is a legally enforceable document that specifies the terms of a real estate transaction. All others seek professional advice.A real estate contract is a legally binding document between two or more parties participating in a purchase and sale, exchange or transfer of real estate. Free Real Estate Purchase Agreement. Answer a few simple questions. Buyer shall purchase, accept, and pay for all right, title, and interest in and to the tangible machinery and equipment set forth on Schedule 1 hereto. This is a legally binding contract that will become final within three business days. 7. 8. Bank-Owned Property (check if applicable). If the real property is bank-owned and the titled owner of record is. This corner lot home in Federal Heights will give you years of outdoor and indoor enjoyment within minutes from the U of U, hospitals, and downtown.