Seller shall sell to Purchaser and Purchaser shall purchase from Seller condominium unit ​______ located in Mecklenburg County, North Carolina, with a street. I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it.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.