A sales contingency is when you will need to sell your current home in order to close on the house you're offering to buy. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.Our real estate experts have helped break down the most common areas where real estate purchase offers can go awry and what to read closely before you sign. An agreement to sell real estate, or a purchase agreement, is a legally enforceable document that specifies the terms of a real estate transaction. Buyer. Date. □ ACCEPTANCE OF OFFER BY SELLER. Seller accepts the offer of Buyer and agrees to sell on the terms and conditions set forth in the Contract. We can provide you with samples of court forms that are available. We can provide you with guidance on how to fill out forms. You will receive instructions and sample circulars for selling the same offer you just purchased plus three other offers. Companies may offer their business executives a contract that is different from the one provided to their regular employees.