Purchaser shall be responsible for the cost of the Title Commitment at Closing. The Title Commitment shall be issued in the amount of the Purchase Price.Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. Buyer: Address: City: State: ______ Zip: Phone: Fax: Email: 2. 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.