Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.BUYER agrees to purchase and SELLER agrees to sell the real property, and the improvements thereon, commonly known as: , in the County of. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Property Description. This form is copyrighted and may only be used in real estate transactions in which. Is involved as a TAR authorized user. ACCEPTANCE DATE: ("Acceptance Date"). SELLER'S INFORMATION: Seller's Signature: Seller's Name (print):.