The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Use this free customizable owner financing contract template to confirm financing between the owner selling a home and a buyer purchasing 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. I'll give you my seller finance contract that i and my students use to pull off these seller finance deals. Free Real Estate Purchase Agreement. Answer a few simple questions.